Cliff Asness’ AQR sees multiple hedge funds up double digits in 2025, beating the market

Key Points

AQR Capital Management’s Apex strategy rallied 11.4% in the first six months of the year, according to a person familiar with the fund’s returns.
AQR’s long-short Delphi equity fund gained 11.6% net of fees in the first half of 2025, the person said.
Its alternative trend-following Helix strategy has returned 7.4% so far this year, the person said.

Source

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