AQR Global Equity Fund receives Australian support
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.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
