Fundsters interested in the alternatives side of the business may want to look into AQR's [see profile] next mutual fund. On Tuesday the Greenwich, Connecticut-based alternatives manager filed to create the AQR Multi-Strategy Alternative Fund, sub-advised in part by CNH Partners [see filing].

A spokeswoman for AQR declined to comment on the fund prior to its the launch.

The fund will boast nine sub-strategies. AQR's team (principals Jacques Friedman, Ronen Israel, John Liew and Lars Nielsen) will PM seven of those sub-strategies: dedicated short bias, emerging markets, equity market neutral, fixed income relative value, global macro, long/short equity and managed futures. AQR will team up with CNH's team (principals Mark Mitchell and Todd Pulvino) to PM the other two strategies, convertible arbitrage and event driven.

AQR has not yet revealed a planned ticker symbol, fee schedule or independent accounting firm for the fund. JPMorgan will handle custody and fund accounting and administration, while ALPS will serve as distributor, dividend disbursing agent and transfer agent. Willkie Farr & Gallagher will provide legal counsel. 

Edited by: Neil Anderson, Managing Editor


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