AQR Capital Management, the $128bn quant-driven hedge fund founded by Cliff Asness, has delivered near-double-digit first-quarter returns across several of its key strategies, according to a report by Reuters citing an unnamed source familiar with the matter.
AQR’s flagship multi-strategy fund, Apex Strategy, posted a 3.4% gain in March, bringing its first-quarter return to 9%. Meanwhile, its Delphi Long-Short Equity Strategy returned 9.7% for the quarter, including a 2.3% gain in March.
The firm’s Managed Futures Full Strategy delivered an 8.2% gain in Q1, supported by a 2.5% increase in March, while AQR’s Helix Strategy, which specialises in trend-following across less conventional markets, saw a 4.4% gain in March and 3% for the quarter.
