AQR Delphi Long-Short Equity Strategy

Systematically focused on stocks with lower statistical and fundamental risk

As quantitative investors, we look for a systematic way to create consistent and repeatable returns.

Using proprietary investment research to identify stocks across global, developed large and small cap equity markets, the strategy aims to outperform global equity markets while providing a highly diversifying source of returns.

To achieve this, we strive to buy the stocks of companies with lower sensitivity to market moves and with high quality businesses. When choosing these stocks, we also consider their price relative to fundamentals to try and avoid overpaying for “expensive” companies. We tend to short stocks with the opposite characteristics – those that have a higher sensitivity to market moves and represent lower quality businesses.

This combination of long/short investing results in a defensive approach, making the Sustainable Delphi Long-Short Equity Strategy unique in that it is uncorrelated to the most commonly held exposures of existing equity managers.

We look for stocks that exhibit three characteristics: low statistical risk (low beta), low fundamental risk (quality) and value:

Investment Pillars

There is significant empirical evidence that higher statistical risk can lead to lower risk adjusted returns.  

U.S. Equities (Betting Against Beta)

January 1926 - December 2018

Investment in any of the funds described on this website carries substantial risk, including the possible loss of principal. There is no guarantee that the investment objectives of the funds will be achieved and returns may vary significantly over time. Investment in the funds described on this website is not suitable for all investors. Not all funds or share classes are available to all investors.

Fund offering documents contain risk warnings that are specific to each fund. Investors should only invest in a fund once they have thoroughly reviewed the prospectus and Key Investor Information Document (“KIID”) for the fund and carefully considered the relevant investment objectives, risks, charges and fees. Investors may wish to consult an independent financial advisor for personal and specific investment advice before investing.

Umbrella Fund:
The Fund is a sub-fund of AQR UCITS Funds, a Luxembourg based UCITS of which the management company is FundRock Management Company S.A.

The information contained on this website is for informational purposes only and does not constitute an offer or invitation to buy, sell or otherwise transact in any security. The information on this site is directed only at persons or entities in any jurisdiction or country where such access to information contained on this website and use of such information is not contrary to local law or regulation. Accordingly, all persons who access this website are required to inform themselves of and to comply with any such restrictions. The prospectus, KIID and the latest periodic reports for each fund are available free of charge.

Past performance does not guarantee future results.

AQR Capital Management (Europe) LLP, a U.K. limited liability partnership, is authorized by the U.K. Financial Conduct Authority (“FCA”) for advising on investments (except on Pension Transfers and Pension Opt Outs), arranging (bringing about) deals in investments, dealing in investments as agent, managing a UCITS, managing an unauthorized AIF and managing investments. This material has been approved to satisfy UK FCA COBS 4.