The latter's management team owns the remaining equity and is to retain operating autonomy for managing the business.
AQR is a quantitative investment management firm and hedge fund manager, with about $12 billion of assets under management, including more than $6.5 billion in hedge funds. Based in Greenwich, Conn., it offers quantitatively managed hedge funds and long-only international equity products in collective investment vehicles and separate accounts for more than 500 institutional and high-net-worth clients.
