Fund Mojo help you discover the best fund managers, funds, and related information

Fund Intelligence | Best Managers | ADAIX Insights | ADAIX Score | ADAIX Performance | ADAIX News | ADAIX Allocation | ADAIX Holdings Change

AQR Diversified Arbitrage I (ADAIX) Fund Ranking and Research

Ranking, Research and Recommendation of AQR Diversified Arbitrage I (ADAIX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of AQR Diversified Arbitrage I Fund (ADAIX) ManagerFund Manager - Jacques Friedman

Fund Manager Information

Fund Manager Tenure: 3.6 years
Similar Funds: ADANX 
Fund Family: AQR Funds
Fund Category: Market Neutral
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.52)     (What does this score mean?)

 

Graph of AQR Diversified Arbitrage I Fund (ADAIX) ProfileAQR Diversified Arbitrage I Fund (ADAIX) Profile

Fund Profile and Description

AQR Diversified Arbitrage I Fund seeks long-term absolute (positive) returns. AQR Diversified Arbitrage I Fund seeks to outperform the BofA Merrill Lynch 3 Month Treasury Bill index while seeking to control its tracking risk. It uses a number of arbitrage and alternative investment strategies employed by hedge funds and proprietary trading desks of investment banks. AQR Diversified Arbitrage I Fund normally invests primarily in equities, convertible securities, debt securities, options and warrants. It has no policy with respect to the credit rating, maturity or duration of the debt securities in which it may invest, and may invest in debt securities of any credit rating, maturity or duration.

 

AQR Diversified Arbitrage I (ADAIX) Fund Strength What we like about AQR Diversified Arbitrage I (ADAIX) Fund

Data for AQR Diversified Arbitrage I Fund (ADAIX) as of May 30, 2016

  • AQR Diversified Arbitrage I Fund (ADAIX) management has been with AQR Diversified Arbitrage I Fund for 3.6 years
  • AQR Diversified Arbitrage I Fund (ADAIX) ratio of up-years vs down years is greater than 2
  • AQR Diversified Arbitrage I Fund (ADAIX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.91, lower than category average of 3.93
  • AQR Diversified Arbitrage I Fund (ADAIX) has a lower expense ratio than its Market Neutral average: 1.19% vs 1.70%
  • AQR Diversified Arbitrage I Fund (ADAIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

AQR Diversified Arbitrage I Fund (ADAIX) Weakness What we are cautious about AQR Diversified Arbitrage I (ADAIX) Fund

Data for AQR Diversified Arbitrage I Fund (ADAIX) as of May 30, 2016

  • AQR Diversified Arbitrage I Fund (ADAIX) has a less-than-ideal short-term performance (1-year return -4.83% vs -0.96% Market Neutral category median performance)
  • AQR Diversified Arbitrage I Fund (ADAIX) has a less-than-ideal mid-term performance (3-year return -3.17% vs 0.90% Market Neutral category median performance)
  • AQR Diversified Arbitrage I Fund (ADAIX) has a less-than-ideal Long-term performance (5-year return -1.00% vs 0.81% Market Neutral category median performance)
  • AQR Diversified Arbitrage I Fund (ADAIX) has a Morningstar rating of 3 and below
  • AQR Diversified Arbitrage I Fund (ADAIX) has an annual stock turnover rate of 249.00% that is higher than the Market Neutral average of 178.48%. This could mean AQR Diversified Arbitrage I is more nimble, but also signal potential high tax impact and high trading fees
  • AQR Diversified Arbitrage I Fund (ADAIX) does not have a good risk adjusted return as its 3-year Alpha of -3.1 is worse than category average of 0.64, and its 3-year Sharpe ratio is -1.12
  • Asset base in AQR Diversified Arbitrage I Fund (ADAIX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support
See AQR Diversified Arbitrage I Fund (ADAIX) performance details as of May 30, 2016

 

What do you think?

 

Compare AQR Diversified Arbitrage I Fund (ADAIX)Compare with other top Market Neutral category mutual funds

Aadditional top Market Neutral mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AQR Diversified Arbitrage I0.43-4.83-3.17-1.00
Calamos Market Neutral Income I (CMNIX)1.740.802.953.39Compare
Gabelli ABC AAA (GABCX)1.091.632.172.63Compare
Calamos Market Neutral Income R (CVSRX)1.520.302.462.87Compare

See top fund managers for Market Neutral Category Funds

 

Compare AQR Diversified Arbitrage I Fund (ADAIX)Compare with Market Neutral category ETFs

Some Market Neutral ETFs for your consideration

ETFYear to DateOne YearThree Year
QuantShares US Market Neut Momentum (MOM)-7.74%2.74%1.57%
IQ Merger Arbitrage ETF (MNA)000
QuantShares US Market Neut Anti-Beta (BTAL)000
ProShares RAFI Long/Short (RALS)1.18%-2.53%-0.87%

 

Graph of AQR Diversified Arbitrage I Fund (ADAIX) Net Asset TrackingAQR Diversified Arbitrage I (ADAIX) Fund Net Asset

Track net asset change of AQR Diversified Arbitrage I fund (ADAIX)

DateNet Asset
05/2016$588.44M
03/2016$604.95M
02/2016$620.25M
More historic net asset information on AQR Diversified Arbitrage I Fund (ADAIX)

  

Graph of AQR Diversified Arbitrage I Fund (ADAIX) Portfolio TrackingAQR Diversified Arbitrage I (ADAIX) Fund Portfolio Allocation

Track portfolio allocation change of AQR Diversified Arbitrage I fund (ADAIX)

DateCashStockBondOther
03/201629.42%34.53%4.77%5.69%
02/201637.85%33.26%5.01%5.22%
01/201640.02%34.15%4.36%4.85%
Click here to see more historic asset allocation information on AQR Diversified Arbitrage I Fund (ADAIX)

 

graph of AQR Diversified Arbitrage I Fund (ADAIX) Top 10 Position TrackingTop 10 Holdings in AQR Diversified Arbitrage I (ADAIX) Fund

Discover what AQR Diversified Arbitrage I Fund (ADAIX) manager is buying

Mar 30, 2016
Us 2yr Note Fut Jun16 [11.26%]
Intel Cv 3.25% [7.05%]
E-mini S&P 500 June16 [6.94%]
Yahoo! Inc. [6.39%]
Sealy Pfd [5.63%]
Alibaba Group Holding Limited A [5.6%]
Intel Corporation [5.48%]
Us 10r Note Fut Jun16 [4.74%]
Nvidia Cv 1% [4.68%]
NVIDIA Corporation [4.17%]

Feb 28, 2016
Us 2yr Note Fut Jun16 [7.43%]
Yahoo! Inc. [6.96%]
Alibaba Group Holding Limited A [6.16%]
E-mini S&P 500 [5.45%]
Sealy Pfd [5.2%]
Us 10r Note Fut Jun16 [4.9%]
Garnero Group Acquisition Compa [3.36%]
Hydra Industries Acquisition Co [2.95%]
Intel Cv 3.25% [2.23%]
Yahoo Japan Corporati [1.87%]

Jan 30, 2016
Yahoo! Inc. [6.06%]
Alibaba Group Holding Limited A [5.62%]
2 Year US Treasury Note Future Mar16 [5.3%]
10 Year US Treasury Note Future Mar16 [4.01%]
E-mini S&P 500 [3.92%]
Sealy Pfd [3.54%]
GP Investments Acquisition Corp [2.61%]
Garnero Group Acquisition Compa [2.29%]
Hydra Industries Acquisition Co [2.05%]
Red Hat Inc 0.25% 10/19 [1.87%]
Click here for Stock Holding Change Map in AQR Diversified Arbitrage I Fund (ADAIX)

  

Latest News on AQR Diversified Arbitrage I (ADAIX) Fund

See what is happening with AQR Diversified Arbitrage I Fund (ADAIX)

    No recent news

 

AQR Diversified Arbitrage I Fund (ADAIX) Related ResourcesSee more information on AQR Diversified Arbitrage I (ADAIX) Fund

Popular pages on AQR Diversified Arbitrage I (ADAIX) Fund

  

Fund Mojo Newsletter

Fund Mojo on Facebook Follow FundMojo on Twitter Fund Update