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Cliff Asness.
Chris Goodney | Bloomberg | Getty Images
AQR Capital Management took vantage of a volatile archetypal fractional of 2025, with a duo of hedge funds doubling the S&P 500's return.
The Apex strategy from Cliff Asness' firm, which combines stocks, macro and arbitrage trades and has $4.3 cardinal successful assets nether management, rallied 11.4% successful the archetypal six months of the year, according to a idiosyncratic acquainted with AQR's returns who asked to beryllium anonymous arsenic the accusation is private.
AQR's long-short Delphi equity fund, with $4.1 cardinal successful assets nether management, gained 11.6% nett of fees successful the archetypal fractional of 2025, the idiosyncratic said.
The banal marketplace staged a stunning rebound this twelvemonth adjacent arsenic uncertainty remains amid an assertive commercialized warfare and Middle East escalation. The S&P 500 has rebounded from a adjacent 20% sell-off successful April, going connected to people a caller grounds precocious connected Friday and again connected Monday. The equity benchmark is up 5.3% twelvemonth to date.
AQR's alternate trend-following Helix strategy has returned 7.4% truthful acold this year, the idiosyncratic said.
Asness co-founded AQR in 1998 after a stint astatine Goldman Sachs. He and his partners established the quant-driven firm's concern doctrine at the University of Chicago's Ph.D. program, focusing connected worth and momentum strategies.
The steadfast has successfully expanded into multistrategy approaches successful caller years. AQR has $142 cardinal successful assets nether management, up from astir $99 cardinal astatine the commencement of 2024.
AQR declined to comment.
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