A hedge fund manager has decided to add mutual funds to its product lineup. Pensions & Investments reports
that AQR Capital Management
, an Affiliated Managers Group
company, just launched five mutual funds: Diversified Arbitrage
, Emerging Markets
, Global Equity
, International Equity
and International Small Cap
The Diversified Arbitrage offering reportedly is the only completely new offering of the five; the others had been commingled funds, which AQR has now converted.
Founding Principal David Kabiller
told P&I that AQR manages about $20 billion.
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