WSJ – AQR Capital Management LLC, which was among the first big hedge funds to launch a line of mutual funds for mom-and-pop investors, has raised more than $1 billion in assets in less than a year, a potential challenge to the struggling mutual-fund industry.
AQR is set to launch Wednesday its seventh mutual fund, a managed-futures portfolio that seeks to take advantage of trends in commodities, bonds and other markets. The fund is called AQR Managed Futures Strategy Fund. Last week, AQR rolled out a global-stock mutual fund.
