AQR Apex UCITS Fund

Investment Objective

The AQR Apex UCITS Fund ("Apex") is a multi-strategy portfolio designed to maximize risk-adjusted returns while being highly diversifying to traditional markets. Apex draws on over 25 years of research into identifying and measuring market inefficiencies and risk premia, and systematically constructing highly diversified portfolios to capitalize on these fundamental insights. Apex features AQR's most comprehensive expressions of market-neutral stock selection, corporate arbitrage, and global macro. Apex is a dynamic strategy that tactically adjusts risk within and across capabilities in response to long-term efficacy, variation in the opportunity set, and changes in the market environment.  

Latest Meeting Note

Meeting 22 May 2024

The AQR Apex UCITS Fund was launched through the conversion of the AQR Systematic Total Return UCITS Fund, effective from 25 April 2024. The fund targets an annualised volatility of between 6% and 10%, and a net return of 6% to 8% above ...

The AQR Apex UCITS Fund was launched through the conversion of the AQR Systematic Total Return UCITS Fund, effective from 25 April 2024. The fund targets an annualised volatility of between 6% and 10%, and a net return of 6% to 8% above cash. Drawing on 25 years of investment research and experience, Apex incorporates AQR’s full suite of capabilities, including market-neutral stock selection, global macro strategies, and arbitrage, within one trading vehicle. The fund tactically adjusts risk both within and across these strategies to adapt to the market environment and the changing opportunity set. The strategy utilises a data-driven, systematic investment process, applying fundamental economic insights and the latest research on economic trends, alternative markets, dynamic factor exposures, and machine learning. It seeks diversification through a wide range of lowly correlated sub-strategies, investing across thousands of securities, including macro derivatives and single name securities. Apex’s investment approach includes directional macro strategies, where it takes tactical long or short positions based on price and fundamental trends, and relative value macro strategies, which exploit market underreactions and aim for convergence in deeply dislocated markets. Additionally, the stock selection component takes market-neutral bets within and across industries and economically linked groups, while the arbitrage sleeves provide diversified arbitrage exposures to harvest liquidity premia associated with supply and demand imbalances.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.3 0.5 0.8 0.5 0.2 0.5 1.0 0.7 0.4 0.1 0.7 0.2 0.9
2022 0.1 1.0 0.7 0.4 0.9 0.5 0.0 0.9 0.9 0.3 0.4 0.0 0.1

or Register for Free

  • Gain access to comprehensive data and information regarding alternative UCITS funds
  • Keep track of performance, flows, and fees trends
  • Access the latest thematic research written by our team of expert in-house analysts
Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.