AQR Roars Back With $179 Billion in Assets and Taste for Secrecy
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000AQR Capital Management is riding high again, topping benchmarks across strategies and growing assets at a record pace. In the process of engineering a comeback, however, the quant pioneer has reined in a policy that once made it an outlier among hedge funds: An unusually open approach to explaining how it invests.Following a rocky multi-year stretch, the Connecticut-based hedge fund manager — famous for publicly breaking down its ideas with evangelical zeal — has found its groove. Its five-year annualized returns range from 15% to 20%, well ahead of some industry benchmarks and on track to repeat in 2025, according to a person familiar. Assets have grown by a record $65 billion this year, reaching $179 billion and approaching prior highs.