Investors pull billions from quant fund

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Investors pull billions from quant king AQR as performance slumps

The Connecticut-based firm, which manages both hedge funds and mainstream long-only funds, had a difficult 2018; fewer than half of its 41 mutual funds delivered positive returns in what was a challenging year for most quant managers.

According to a person working at AQR, its Delta strategy — one of the company’s most consistently successful fund products in the last decade — is a particular cause for concern. Delta, a diversified portfolio of hedge fund strategies, fell 10% in 2018 and is down more than 2% this year.

https://www.fnlondon.com/articles/redemptions-hit-quant-king-aqr-in-performance-slump-20190509