AQR is a global investment management firm built at the intersection of financial theory and practical application. We invest on behalf of our clients — from pension funds and insurance companies to endowments and foundations to sovereign wealth funds and financial advisors. Our commitment to our clients is to help them exceed their long-term objectives. We do this by filtering out market noise to identify and isolate what matters most, and by implementing ideas that stand up to rigorous testing.
Our focus on research-driven, practical insights powered by advanced technology, economic intuition and firm-wide risk management, has made us leaders in alternative and traditional strategies and explains why so many types of investors seek our expertise in meeting their financial challenges.
The AQR Multi-Strategy Alternative Fund won a 2016 Lipper Fund Award as the best Alternative Multi-Strategy Fund over the last three years. Lipper's annual fund awards recognize funds and fund management firms for consistently strong, risk-adjusted performance relative to their peers.
“Early Option Exercise: Never Say Never,” a new working paper co-authored by AQR Principal Lasse H. Pedersen, Ph.D., seeks to show that two investing taboos — the early exercise of options and the early conversion of convertible bonds — can be rational under certain conditions. Pedersen wrote the paper with Mads Vestergaard Jensen of the University of Copenhagen, where Pedersen is professor.
Andrea Turrini received the inaugural AQR Scholar Award at the annual Asset Management Conference hosted by the London Business School student-led Investment Management Club. It is the first of three AQR Scholar Awards to be granted in 2016. The award, which recognizes outstanding academic performance and includes a prize of £10,000, was presented by Lasse Pederson, Principal at AQR Capital Management, and Narayan Naik, Professor of Finance and Academic Director, AQR Asset Management Institute, London Business School.
The March issue of Institutional Investor magazine includes an article by AQR researchers Ronen Israel and Adrienne Ross about how regression analysis can help investors better understand the risk factors present in their portfolios. They also explain how this may deliver multiple benefits to investors.
A new working paper by Christian Skov Jensen, David Lando and AQR Principal Lasse H. Pedersen sheds new light on the debate over what has been described as the Holy Grail in financial economics: Whether it is possible to decode probabilities and risk preferences from asset prices. The paper, "Generalized Recovery," was posted on the Social Science Research Network.