AQR Global Enhanced Equity Fund has had a good couple of months since its launch in June this year, receiving strong support from Australian institutional investors.
The fund, managed by the US-based AQR Capital Management, received investments from two superannuation funds, and most recently an allocation from Ibbotson Associates (a provider of asset allocation, manager selection and portfolio construction services), which also invested in AQR’s emerging markets strategy.
The AQR Global Enhanced Equity Fund has just under US$300 million in assets and further US$200 million in committed capital, and is available for investment to institutions only.
Head of AQR’s Australian Institutional business Jeff Dunn said implementation efficiency has become of paramount importance for investors, considering there are “widely held expectations for lower returns from almost every asset class going forward.”
“Although tax-aware Australian equity products have been a feature of the local market for some years, little attention had been given to global equity products,” Dunn said.
