AQR Capital Management has added two mutual funds, AQR Risk Parity II MV Fund (Class I/QRMIX) and AQR Risk Parity II HV Fund (Class I/QRHIX), to be distributed through advisors only.
The funds will have exposure to a globally diversified portfolio of equities, fixed income and commodities. The AQR Risk Parity II MV Fund targets a moderate annualized volatility of 10% while the AQR Risk Parity II HV Fund aims for a 15% volatility.
“We want to broaden investors’ menus by offering a variety of risk exposures that match their risk profile,” stated David Kabiller, co-founding partner and head of client strategies at AQR. “These funds can help advisors better target their particular risk preference: higher risk and higher potential returns or moderate risk and more moderate returns.”
AQR launched its first mutual fund on January 9, 2009 and its mutual fund business has grown to some $8 billion as of September 30. The firm’s total assets under management were approximately $63.9 billion as of September 30.