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Monday, July 09, 2012

AQR Opens Four New Funds

News summary by MFWire's editors

AQR is rolling out four new funds this week, continuing the focus on the shop's Advisor Solutions business.

The four new funds -- AQR Defensive Equity Fund, AQR International Defensive Equity Fund, AQR Emerging Defensive Equity Fund and AQR Risk-Balanced Commodities Strategy Fund -- are all no-load funds distributed solely through advisors.

All of the funds will have an "actively-managed, risk-balanced" strategy.

"We continue to leverage our extensive expertise with sophisticated institutional clients to bring distinct investment ideas and concepts to a growing financial advisor marketplace that is in search of better ways to diversify their clients' portfolios," stated David G. Kabiller, co-founding partner and head of client strategies at AQR.


GREENWICH, Conn., Jul 09, 2012 (BUSINESS WIRE) -- AQR Capital Management, LLC, ("AQR") announced today the launch of four mutual funds, including AQR U.S. Defensive Equity Fund (Class I/AUEIX), AQR International Defensive Equity Fund (Class I/ANDIX), AQR Emerging Defensive Equity Fund (Class I/AZEIX) and AQR Risk-Balanced Commodities Strategy Fund (Class I/ARCIX), representing the continued growth of the firm's Advisor Solutions business.

These new, no-load mutual funds begin operations on July 9, 2012 and will be distributed through financial advisors only. The potential investment benefit of the defensive equity funds and risk-balanced commodities fund can provide financial advisors with a broader menu of choices to further diversify and to help create more efficient portfolios.

"We continue to leverage our extensive expertise with sophisticated institutional clients to bring distinct investment ideas and concepts to a growing financial advisor marketplace that is in search of better ways to diversify their clients' portfolios," said David G. Kabiller, CFA, Co-Founding Partner and Head of Client Strategies at AQR.

The defensive equity funds seek to provide equity-like returns with lower volatility and smaller drawdowns. The commodities fund seeks to achieve higher returns than its benchmark (DJ-UBS Index) while maintaining a more consistent risk level and smaller drawdowns using an actively-managed, risk-balanced approach.

"As the baby boomer generation moves from wealth maximization to wealth preservation, many of these alternative investment solutions may enable financial advisors to better meet their clients' investment objectives," added Kabiller.

AQR Capital Management launched its first mutual fund on January 9, 2009. Our Advisor Solutions business has grown to approximately $7.1 billion as of June 30 2012, reflecting our expertise in the development of diversifying alternative investment strategies. The firm's total assets under management were $54.5 billion as of June 30, 2012.

About AQR

AQR Capital Management is a global investment management firm employing a disciplined and analytical research process to macroeconomic and fundamental data. AQR's diversified offerings range from traditional benchmark-oriented long-only strategies to absolute return alternative strategies. As of June 30, 2012, AQR manages approximately $54.5 billion worldwide for institutional investors, including pensions, insurance companies, endowments, foundations and sovereign wealth funds, as well as registered investment advisors. Founded in 1998, AQR is based in Greenwich, Connecticut, with offices in Chicago, London and Sydney.

This is being provided solely for information purposes and does not constitute an offer or solicitation of an offer, or any advice or recommendation, to purchase securities or financial instruments, and may not be construed as such or serve as the basis of any investment decision.


Volatility: A statistical measure of the variation in returns for a given security or index.

Drawdown: The peak-to-trough decline during a specific record period of an investment fund or commodity.

About AQR Funds

This Fund is not suitable for all investors. An investor considering the Funds should be able to tolerate potentially wide price fluctuations. The Fund may attempt to increase its income or total return through the use of securities lending, and may be subject to the possibility of additional loss as a result of this investment technique. The Fund is new and has a limited operating history.

Commodities and futures generally are volatile and involve a high degree of risk.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. To obtain a prospectus containing this and other important information, please call 1-866-290-2688 or visit www.aqrfunds.com to view or download a prospectus online. Read the prospectus carefully before you invest.

There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results. AQR Funds are distributed by ALPS Distributors Inc. Clifford Asness and David Kabiller are registered representatives of ALPS Distributors Inc. CFA is a trademark owned by the CFA Institute.[AQR1485, expiration date 7/5/2013.] (C) AQR Funds. All rights reserved. 

Edited by: Ben Geier

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