AQR Strips ‘Risk Parity’ Name From Mutual Fund After Redemptions
- Money manager will rebrand the fund as a multi-asset pool
- Fund’s tweaked strategy allows more options for shorting
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AQR Capital Management’s flagship risk parity mutual fund, which has suffered big outflows, will no longer be billed as a risk parity fund.
The firm, which helped popularize the investing style, is changing the name and tweaking the strategy for its $344 million AQR Risk Parity Fund, according to a November regulatory filing. The rebranded AQR Multi-Asset Fund will have more leeway to bet against stocks and bonds, among other changes, which may help it navigate volatile markets.