AQR in Brief

 
  • Global provider of investment management services
  • Investment philosophy and approach grounded in empirical finance research 
  • Leading provider of alternative investments as well as a broad spectrum of long-only funds  
  • Founded in 1998 
  • Headquarters located in Greenwich, CT
  • Oversees $105 billion in assets under management*
  • Employs approximately 411 people*
  • Majority owned by AQR principals; minority stake held by Affiliated Managers Group

Our
Philosophy 

To beat markets that are nearly efficient, we believe investors must apply a disciplined, thoughtful and economically intuitive approach that creates value at every stage of the investment process. AQR believes that a fundamentally-driven, systematic process is an essential tool to achieve long-term success in investment and risk management. Investment strategies – whether based on academic study or practical experience – must be grounded in solid economic principles, not simply built to fit the past, and should contain as much common sense as analytical firepower.


Our History 

The firm’s founding principals, Clifford S. Asness, Ph.D., David G. Kabiller, CFA, Robert J. Krail, and John M. Liew, Ph.D., and several colleagues founded AQR in January 1998. Each of the firm’s founding principals were formerly at Goldman Sachs, & Co., where Asness, Krail, and Liew comprised the senior management of the Quantitative Research Group at Goldman Sachs Asset Management (GSAM). At GSAM, the team managed both traditional benchmarked and non-traditional absolute return mandates. The principals formed AQR to build upon the success achieved at GSAM while enabling key professionals to devote a greater portion of their time to research and investment product development. 


AQR Today 

Today, AQR manages assets for some of the largest institutional investors from the United States, Europe, Asia and Australia. The company is based in Greenwich, Connecticut and currently employs over 300 people. AQR manages a wide array of investments, spanning from aggressive, high volatility market-neutral hedge funds to benchmark-driven traditional equity funds. Investment decisions across all funds are made using a series of global asset allocation, arbitrage, and security selection models, and implemented using proprietary trading and risk-management systems. Both the traditional benchmark and market neutral strategies are managed by the same portfolio teams and driven by the same underlying research.
 
AQR Funds were launched in 2009 to provide mutual funds investors access to these alternative and innovative strategies. The AQR Funds are available exclusively to institutional investors or through Financial Advisors.

*As of April 1, 2014