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AQR Diversified Arbitrage I (ADAIX) Fund Ranking and Research
Ranking, Research and Recommendation of AQR Diversified Arbitrage I (ADAIX) Fund
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Last Trade: $ on , Change: (0%)
Fund Manager - Jacques Friedman
Fund Manager Information
Fund Manager Tenure: 3.6 yearsSimilar 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?)
AQR 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.
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
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
What do you think?
Compare with other top Market Neutral category mutual funds
Aadditional top Market Neutral mutual funds for your consideration
| Fund | Year to Date | 1 Year | 3 year | 5 year | |
| AQR Diversified Arbitrage I | 0.43 | -4.83 | -3.17 | -1.00 | |
| Calamos Market Neutral Income I (CMNIX) | 1.74 | 0.80 | 2.95 | 3.39 | Compare |
| Gabelli ABC AAA (GABCX) | 1.09 | 1.63 | 2.17 | 2.63 | Compare |
| Calamos Market Neutral Income R (CVSRX) | 1.52 | 0.30 | 2.46 | 2.87 | Compare |
See top fund managers for Market Neutral Category Funds
Compare with Market Neutral category ETFs
Some Market Neutral ETFs for your consideration
| ETF | Year to Date | One Year | Three Year | QuantShares US Market Neut Momentum (MOM) | -7.74% | 2.74% | 1.57% | IQ Merger Arbitrage ETF (MNA) | 0 | 0 | 0 | QuantShares US Market Neut Anti-Beta (BTAL) | 0 | 0 | 0 | ProShares RAFI Long/Short (RALS) | 1.18% | -2.53% | -0.87% |
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AQR Diversified Arbitrage I (ADAIX) Fund Net Asset
Track net asset change of AQR Diversified Arbitrage I fund (ADAIX)
| Date | Net Asset |
| 05/2016 | $588.44M |
| 03/2016 | $604.95M |
| 02/2016 | $620.25M |
AQR Diversified Arbitrage I (ADAIX) Fund Portfolio Allocation
Track portfolio allocation change of AQR Diversified Arbitrage I fund (ADAIX)
| Date | Cash | Stock | Bond | Other |
| 03/2016 | 29.42% | 34.53% | 4.77% | 5.69% |
| 02/2016 | 37.85% | 33.26% | 5.01% | 5.22% |
| 01/2016 | 40.02% | 34.15% | 4.36% | 4.85% |
Top 10 Holdings in AQR Diversified Arbitrage I (ADAIX) Fund
Discover what AQR Diversified Arbitrage I Fund (ADAIX) manager is buying
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%] | 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%] | 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%] |
Latest News on AQR Diversified Arbitrage I (ADAIX) Fund
See what is happening with AQR Diversified Arbitrage I Fund (ADAIX)
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See more information on AQR Diversified Arbitrage I (ADAIX) Fund
Popular pages on AQR Diversified Arbitrage I (ADAIX) Fund
- AQR Diversified Arbitrage I (ADAIX) Fund Research and Recommendation
- AQR Diversified Arbitrage I (ADAIX) Fund Performance Data
- AQR Diversified Arbitrage I (ADAIX) Fund Manager Information
- Historic AQR Diversified Arbitrage I (ADAIX) Fund Asset Allocation Report
- Historic AQR Diversified Arbitrage I (ADAIX) Fund Top 10 Holding Tracking
- Historic AQR Diversified Arbitrage I (ADAIX) Fund Asset Under Management Tracking
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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.
