Aqr Capital Management, LLC (Greenwich)

Name: Aqr Capital Management, LLC
Address: Two Greenwich Plaza, Greenwich, CT, 06830
Telephone: 203-742-3600

Aqr Capital Management, LLC is a large advisory firm based in Greenwich. It manages $270.09 billion of regulatory assets for 470 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut and Texas.

Aqr Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and model portfolio recommendations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aqr Capital Management: assets under management

The assets under management (AUM) of Aqr Capital Management, LLC is $270.09 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 30592% since the beginning of its operation, and $172.26 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $270.09 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $574.67 million each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is derivatives, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aqr Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Aqr Capital Management serves?

The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Aqr Capital Management is pooled investment vehicles with 256 clients and $159.65 billion of assets under management. Among the 11 most similar advisory firms, Aqr Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $269.76 billion for 467 clients. 49% of the firm’s clients are foreign persons or businesses.

Aqr Capital Management also advises several private funds. Namely, one hundred twenty hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Aqr Capital Management, LLC

The company employs 1,018 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cliff Scott Asness	President, founding and managing principal	1 Jan 1998	Other	1700275
David Gary Kabiller	Founding principal	1 Jan 1998	Other	1736385
John Mihn Soo Liew	Founding principal	1 Jan 1998	Other	2681540
Clifford Scott Asness	President, founding and managing principal	1 Jan 1998	Other	1700275
Robert John Krail	Principal	1 Jan 1998	Other	2024188
Bradley David Asness	Vice president	1 Jan 1998	Other	2930173
Brian Keith Hurst	Vice president	1 Jan 1998	Other	4381610
Jacques Alain Friedman	Vice president	1 Jan 1998	Other	4381611
Mattia Auriemma	Vice president	1 Jan 2001	Other	4381614
Oktay Kurbanov	Vice president	1 Jan 2001	Other	4381618
Aaron Goldberg	Vice president	1 Sep 2002	Other	4650748
Abdon Bolivar	Compliance officer	1 Sep 2002	Other	4650754
Brian Keith Hurst	Principal	1 Jan 2004	Other	4381610
Abdon Bolivar	Chief compliance officer	1 Mar 2004	Other	4650754
Llc Aqr Capital Management Holdings	Member	1 Nov 2004	75% - 100%	20-1920522
Bradley David Asness	Chief legal officer	1 Dec 2004	Other	2930173
Jacques Alain Friedman	Principal	1 Jan 2005	Other	4381611
Oktay Kurbanov	Principal	1 Jan 2005	Other	4381618
Michael Aaron Mendelson	Principal	1 Jul 2005	Other	2375810
Ronen Israel	Principal	1 Feb 2007	Other	5315480
Lars Norup Nielsen	Principal	1 Feb 2007	Other	5315527
Gregor Masini Andrade	Principal	1 Mar 2008	Other	2265718
Michael Aaron Mendelson	Principal	1 Mar 2008	Other	2375810
Stephen Joseph Mellas	Principal	1 Mar 2008	Other	1505043
John Bradley Howard	Chief operating officer and chief financial officer	1 Jan 2009	Other	3132622
Lasse Pedersen	Principal	1 Apr 2009	Other	5906540
Jeremy Mill Getson	Principal	1 Jan 2011	Other	4008014
John Bradley Howard	Chief operating officer	1 Feb 2011	Other	3132622
Marco Hanig	Principal	1 Jan 2012	Other	3180555
Yao Hua Ooi	Principal	1 Jan 2012	Other	5735058
Herbert James Willcox	Chief compliance officer	1 Aug 2013	Other	1868426
Michael Katz	Principal	1 Jan 2014	Other	6307012
Andrea Frazzini	Principal	1 Jan 2014	Other	6307167
Antti Sakari Ilmanen	Principal	1 Jan 2014	Other	2554653
William Joseph Fenrich	Chief legal officer	1 Jul 2017	Other	2228437

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Clifford Scott Asness	Managing member	1 Jan 2004	25% - 50%	1700275
Inc. Affiliated Managers Group	Member	1 Nov 2004	75% - 100%	04-3218510
Cliff Scott Asness	Managing member	1 Nov 2004	25% - 50%	1700275
Clifford Scott Asness	Limited partner	1 Aug 2012	25% - 50%	1700275
Llc Aqr Capital Management Group Gp	General partner	1 Aug 2012	Other	46-0940053
L.P. Aqr Capital Management Group	Member	1 Sep 2012	75% - 100%	90-0888751
Llc Topspin Acquisition	Member	1 Dec 2014	25% - 50%	45-1219779

Based in Greenwich

The principal office where Aqr Capital Management, LLC performs its advisory services is located at Two Greenwich Plaza, Greenwich, CT 06830, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-742-3600 or by fax 203-742-3100. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at aqrfunds.com.