AQR Capital Management, LLC is a global provider of investment management services. The firm was founded in 1998 and is headquartered in Greenwich, Connecticut. With a diverse, global institutional client base, the firm offers a wide range of investment products ranging from traditional benchmark-driven investments to pure alpha, absolute return strategies.
AQR believes that a systematic and disciplined process is essential to achieve long-term success in investment and risk management. We are fundamental, research-driven investors who apply quantitative tools to help make investment decisions, structure and rebalance portfolios and trade securities. Our investment strategies are based on solid, forward-looking economic principles, not simply built to fit the past, and contain as much common sense as analytical firepower.
As at 30 April 2009, AQR had total asset under management of approximately USD19 billion, of which approximately AUD 4.5 billion from Australian and NZ investors.
Greenpark is an independent global private equity secondaries investment group, currently managing funds of $2 billion. Its culturally diverse investment team executes transactions across the global mid-market with a particular strength in Europe. Greenpark has an established reputation for structuring deals with expertise, innovation and discretion to deliver tailor-made solutions for its clients.
Secondaries have been in existence since the late 1980s, when they developed as a way of allowing investors to trade out of illiquid positions in private equity funds. During the 1990s the market for secondaries steadily increased, but it was not until the early 2000s that secondaries came of age. Less than $10 billion was raised worldwide by secondary funds between 1995 and 2000, whereas $15 billion was raised in the secondaries market in 2007 alone. The vast amounts invested in private equity ($400 billion plus raised in 2007) combined with the increasing liquidity pressures of the credit crunch are expected to produce good vintages for the counter-cyclical secondaries market over the next few years.
Greenpark advised funds, which are capitalised by major institutions including banks, pension funds and insurance companies from Europe, the US, the Far East and the Middle East, have made over 145 fund investments. Greenpark combines experience and innovation to remain at the forefront of developments in the secondaries field. For more information please visit www.greenparkcapital.com