AQR’s Absolute Return Fund Has Record Month With 15.4% Return
- Cliff Asness’s faith in value investing pays off in January
- But he says that the strategy is likely to be volatile
Photographer: Chris Goodney/Bloomberg
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AQR Capital Management’s longest-running quantitative fund posted its best month ever in January as Cliff Asness’s faith in value stocks paid off.
His firm’s Absolute Return strategy advanced 15.4%, according to a person familiar with the matter, who asked not to be identified discussing returns. The fund started in 1998. AQR’s Equity Market Neutral Global Value strategy gained 22.3% in the month.