News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Hedge Funds

Investors pull billions from quant king AQR as performance slumps

Quantitative fund manager had a difficult 2018 and its alternative risk premia funds continue to struggle

AQR founder Cliff Asness
AQR founder Cliff Asness Photo: Getty Images

AQR Capital Management, one of the biggest quantitative fund managers, is undergoing a prolonged performance downturn that has led to investors withdrawing increasing amounts in 2019.

The Connecticut-based firm, which manages both hedge funds and mainstream long-only funds, had a difficult 2018; fewer than half of its 41 mutual funds delivered positive returns in what was a challenging year for most quant managers.

WSJ Logo