From CNBC: 2025-04-01 12:53:00

AQR Capital Management’s multistrategy hedge fund, managed by Cliff Asness, outperformed the market with a 9% rally in the first quarter amidst President Trump’s tariff policy uncertainty. AQR’s Delphi Long-Short Equity Strategy gained 9.7%, while its Helix trend-following offering returned 3% – boosting overall assets under management to $128 billion.

The stock market saw a tumultuous quarter due to Trump’s tariffs, causing concerns about economic slowdown and inflation. The S&P 500 dipped into correction territory in March after reaching a February record high. The Nasdaq Composite experienced its largest quarterly pullback since 2022, falling 10.4% – ending a five-quarter win streak.

Read more: Cliff Asness’s AQR multi-strategy hedge fund returns 9% in the first quarter during tough conditions