Aqr Hedging Its Bets with Big Mutual Fund Plan

Reuters Hedgeworld (June 24, 2009)


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Summary:

NEW YORK (Reuters) - AQR Capital Management LLC, among the world's largest hedge fund managers, will introduce another hedge fund-style mutual fund next month, as it expands its reach beyond the biggest investors.

Greenwich, Conn.-based AQR, a $20 billion firm led by former Goldman Sachs Group Inc. star Cliff Asness, led a new wave of hedge funds marketing to the masses when it launched the AQR Diversified Arbitrage Fund in January.

Extract:

Aqr Hedging Its Bets with Big Mutual Fund Plan

"We, in about two weeks, expect to introduce a whole new series of style exposures for retail investors," AQR co-founder David Kabiller told Reuters in a rare interview.

Long available only to the ultra rich, "alternative"...



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