Cliff Asness' AQR Absolute Return fund returns 18.5% in 2023, boosted by value picks
Publishing timestamp: 2024-01-04 12:34:29
Summary
Cliff Asness' multistrategy fund at AQR Capital Management had a successful year in 2023, with the AQR Absolute Return strategy returning 18.5% and the AQR Equity Market Neutral Global Value strategy gaining 20.6%. The firm's alternative trend following strategy, AQR Helix Strategy, posted a net return of 14.3%. AQR's new multistrategy fund, AQR Apex Strategy, also performed well with a gain of 16.2%. However, AQR's funds did not outperform the broader market, with the S&P 500 and Nasdaq Composite experiencing higher returns.
Sentiment: POSITIVE
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