AQR, Acadian Revive Levered Trades to Outrun the Raging Stock Bull Market
- Money managers are touting equity extensions, portable alpha
- Strategies pitched as response to concentrated stock market
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It hearkens back to a go-go era that Wall Street might want to forget. Yet that’s not stopping AQR Capital Management, Man Group and Acadian Asset Management from selling with renewed zeal a breed of leveraged product that fell into ill repute after the global financial crisis.
With many of their clients struggling to beat a runaway stock bull market, the systematic money managers are back touting the virtues of using borrowed money to wring out extra returns across traditional indexes of stocks and bonds.