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AQR Capital Management is an investment management firm founded in 1998 by former Goldman Sachs portfolio manager Clifford S. Asness along with partners David Kabiller, John Liew and Robert Krail (all also from Goldman). The firm began with a quantitative equity hedge fund and today offers a variety of quantitatively driven hedge fund and traditional investment vehicles to both institutional clients and financial advisors. The company is based in Greenwich, Connecticut.〔(【引用サイトリンク】accessdate=2012-03-31 )〕 ==Investment style== The firm invests in public equity, public futures and options, public and private bonds and OTC derivatives across the globe, and also operates a reinsurance subsidiary in Bermuda. At the end of 2014, AQR Capital Management had $122.2 billion in assets under management for institutional investors, including pension funds, insurance companies, financial endowments, foundations and sovereign wealth funds, as well as registered investment advisors.〔〔(AQR About )〕 The firm pursues quantitative investment strategies based on academic studies〔(【引用サイトリンク】title=AQR puts academic theory into practice )〕 and economic fundamentals. It breaks its funds down into four categories:〔()〕 #Alternatives〔 - These seek to deliver attractive returns that are uncorrelated to traditional investments like stocks, bonds and real estate. They include traditional hedge fund strategies, like Convertible Bond Arbitrage and Systematic Global Macro, as well as Reinsurance and Real Return products. Alternative strategies were what the firm began with in 1998. #Risk Parity〔(【引用サイトリンク】title=100 Hedge funds to watch )〕 - These seek to spread risk-taking out equally among asset classes, taking advantage of diversification to deliver market returns at less than traditional market risk. AQR has been offering both standard and tactical versions of this approach since 2005. #Traditional Benchmarked〔(【引用サイトリンク】title=AQR Capital Management Launches Core Equity Mutual Funds )〕 - These are “long-only” strategies that do not employ leverage or short selling, unlike the other three categories. They hold common stocks and seek to beat an index fund in the same investment category. AQR offers funds with US, Global, International, Emerging Markets and Defensive equity benchmarks and has been running them since 2001. #Smart Beta〔(【引用サイトリンク】 title=AQR goes after a smarter smart Beta )〕 - These funds seek to capture a pure exposure to a style, with no correlation to the stock market as a whole. AQR began this effort in 2006 and offers Value, Momentum, Carry and Defensive styles. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「AQR Capital」の詳細全文を読む スポンサード リンク
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