AQR fund gains momentum



AQR's Wholesale DELTA Fund - Class 1F benefited from more positivity in the market during October.
The company reported the fund was up about 1.2 per cent (gross) for the month with eight of the nine strategies contributing positively.
The company's analysis said October had seen a return in risk appetite with equities, commodities and other risk assets rebounding strongly following an easing of global growth concerns and increased confidence that European leaders were making progress towards resolving European sovereign debt problems.
It said long short equity was the largest contributor, with event-driven, global macro and emerging market strategies also contributing meaningfully.
Recommended for you
Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam is unethical.
Despite having less growth potential than other assets, financial advisers have said cash allocations are providing a sense of comfort for clients, allowing them to ride out volatility without sacrificing their lifestyle.
AMP’s advice platform has announced three additions to its managed account menu with the new funds aimed to help advisers with clients’ income protection and fixed income needs.
Wealth technology platform HeirWealth has announced a partnership with Hatch Accountants to support the intergenerational wealth transfer.