Published by Global Banking & Finance Review®
Posted on December 2, 2025
2 min readLast updated: January 20, 2026
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AQR Capital Management reports strong double-digit returns for 2023, with several strategies outperforming market trends.
LONDON, Dec 2 (Reuters) - Billionaire investor Cliff Asness's AQR Capital Management started the final month of the year with positive returns in several funds, a person familiar with the matter said on Tuesday.
The $179 billion hedge fund finished November 0.4% largely flat in its multi-strategy fund, Apex Strategy. It had generated a 16.2% return from the start of the year to November 30, the source said.
The fund posted a 3.1% return for the month in its AQR Delphi Long-Short Equity Strategy, bringing the overall performance to a positive 16.4% for the year. AQR's Managed Futures Full Volatility Strategy lost 0.4% for the month of November but is still up 19.2% year-to-date.
The hedge fund's Helix Strategy, which follows trends in a diverse set of harder-to-access markets, returned 0.7% in November and is up 13.7% for the year to date.
These annual returns surpass a wider collection of systematic hedge funds, whose algorithms ride market trends until they peter out. An index that tracks these kinds of trend funds is largely flat, up 0.31% for the year to November 28, according to Societe Generale's indices.
All returns listed were net of fees.
(Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe)
A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often using complex strategies to achieve high returns.
Investment performance refers to the returns generated by an investment over a specific period, typically expressed as a percentage of the initial investment amount.
A multi-strategy fund is an investment fund that employs multiple investment strategies to diversify its portfolio and reduce risk while aiming for higher returns.
A long-short equity strategy involves buying stocks expected to increase in value (long positions) and selling stocks expected to decrease in value (short positions) to capitalize on market inefficiencies.
Managed futures are investment strategies that involve trading futures contracts in various asset classes, such as commodities, currencies, and financial instruments, often managed by professional fund managers.
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