AQR Capital Management has launched the AQR Multi-Strategy Alternative Fund, a no-load mutual fund that seeks to deliver absolute returns by investing in a broadly diversified portfolio of alternative strategies traditionally only available through hedge funds.
The fund targets low correlation to traditional asset classes and seeks to provide exposure to nine types of alternatives: convertible arbitrage, event-driven, fixed income relative value, equity market neutral, long/short equity, dedicated short bias, global macro, managed futures and emerging markets.
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