Affiliated Managers Group has completed its additional investment in AQR Capital Management, a global investment manager, founded in 1998, with approximately USD115 billion in assets as of 30 September, 2014 across a diverse set of alternative and traditional investment strategies.
AQR has a long track record of innovation in developing systematic investment strategies based on fundamental economic concepts for institutional investors and financial advisors. The firm has 21 Principals and over 450 employees in offices around the world including Greenwich, Chicago, London, Sydney and Bermuda.
AMG continues to hold a minority interest in the partnership and will continue to account for AQR as an equity method investment. As part of the transaction, all of AQR’s Principals have entered into long-term commitments with the firm. The terms of the transaction have not been disclosed.
