- Sign up for AFI Summits across hedge funds and private markets in 2026
- Global Hedge Fund Power List 2025: $10bn+ ranking
AQR Capital Management is approaching $200bn after a strong year of double-digit gains across many of its funds.
Its $6.8bn multi-strategy Apex strategy, which deploys the latest research across stock selection, macro, and arbitrage capabilities, made 19.6% after a 3% December gain.
That took it past last year’s 15.1% net gain and to a five-year annualised of 16.6%.
Helix, the Connecticut firm’s $5.7bn alternative trend-following strategy rose 18.6%, again beating 2024 (17.9%). The five year annualised stands at 20.5%.
AQR Delphi Long-Short Equity Strategy, the $6.8bn long-short equity strategy, made 16.8% net while Adaptive Equities Strategy, the $6.3bn market-neutral strategy, rose 24.4%.
Cliff Asness founded the quant firm in 1998.