AQR Case
AQR’S MOMENTUM
FUNDS
Yeratze Ruiz
Dorah Malete
Camilla Mar ra
Julio Medrano
1. AQR’S COMPANY PROFILE
2. AQR’S MOMENTUM FUNDS
3. OVERVIEW OF THE MARKET
4. CURRENT CONDITIONS: BENEFITS AND
DRAWBACKS
5. CASE SPECIFIC SWOT ANALYSIS ON AQR
MOMENTUM FUNDS
6. GROWTH OPPORTUNITIES
7. COMPARING DIFFERENT ALTERNATIVES
8. RECOMMENDATIONS
9. CONCLUSION
10. REFERENCES
SUMMARY
1. AQR’S COMPANY PROFILE
Quantitative Investment Firm founded in 1998 by with its headquarters located in Greenwich, CT
The philosophy of the Firm and the Investment approach of the Firm were a result of empirical financial research
Global provider of investment management services
Oversees $98.8 billion in assets under management
A p p r o x i m a t e l y 4 0 0 e m p l o ye e s
Leading provider of alternative investments as well as a broad spectrum of long -only funds
Main Funds are: Alternative Investment Funds, Global Allocation Funds, Momentum Funds and
Equity Funds
The retail market was divided into the Direct Channel and into the Financial Channel. On the one hand giving the fund companies the possibility to directly sell their funds to their investors and on the other hand giving the opportunity to the fund companies to sell mutual funds to investors who a r e p u r c h a s i n g f u n d s w i t h t h e a s s i s t a n c e o f f i n a n c i a l a d v i s o r s . T h e l a t t e r, t h e F i n a n c i a l C h a n n e l , w a s A Q R ’s p r i m a r y o b j e c t i v e , i n s t a l l i n g A Q R C a p i t a l M a n a g e m e n t , L L C a s t h e F u n d ’s I n v e s t m e n t
M a n a g e r.
AQR saw mutual funds as an exceptio nally large pool of capital that was increa sin gly growing in sophistic atio n and needs
Therefore they entered the mutual fund market by focusing its strategy on the financ ial advisor channel whe r e fund companie s sell their funds to investo r s. T hese investo r s purcha se the funds with
FUNDS
Yeratze Ruiz
Dorah Malete
Camilla Mar ra
Julio Medrano
1. AQR’S COMPANY PROFILE
2. AQR’S MOMENTUM FUNDS
3. OVERVIEW OF THE MARKET
4. CURRENT CONDITIONS: BENEFITS AND
DRAWBACKS
5. CASE SPECIFIC SWOT ANALYSIS ON AQR
MOMENTUM FUNDS
6. GROWTH OPPORTUNITIES
7. COMPARING DIFFERENT ALTERNATIVES
8. RECOMMENDATIONS
9. CONCLUSION
10. REFERENCES
SUMMARY
1. AQR’S COMPANY PROFILE
Quantitative Investment Firm founded in 1998 by with its headquarters located in Greenwich, CT
The philosophy of the Firm and the Investment approach of the Firm were a result of empirical financial research
Global provider of investment management services
Oversees $98.8 billion in assets under management
A p p r o x i m a t e l y 4 0 0 e m p l o ye e s
Leading provider of alternative investments as well as a broad spectrum of long -only funds
Main Funds are: Alternative Investment Funds, Global Allocation Funds, Momentum Funds and
Equity Funds
The retail market was divided into the Direct Channel and into the Financial Channel. On the one hand giving the fund companies the possibility to directly sell their funds to their investors and on the other hand giving the opportunity to the fund companies to sell mutual funds to investors who a r e p u r c h a s i n g f u n d s w i t h t h e a s s i s t a n c e o f f i n a n c i a l a d v i s o r s . T h e l a t t e r, t h e F i n a n c i a l C h a n n e l , w a s A Q R ’s p r i m a r y o b j e c t i v e , i n s t a l l i n g A Q R C a p i t a l M a n a g e m e n t , L L C a s t h e F u n d ’s I n v e s t m e n t
M a n a g e r.
AQR saw mutual funds as an exceptio nally large pool of capital that was increa sin gly growing in sophistic atio n and needs
Therefore they entered the mutual fund market by focusing its strategy on the financ ial advisor channel whe r e fund companie s sell their funds to investo r s. T hese investo r s purcha se the funds with