J.P. Morgan Selected by AQR Capital Management
24 September 2010 New York
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J.P. Morgan Worldwide Securities Services (WSS) announced today that it has been selected by investment management firm AQR Capital Management, LLC (AQR), adviser to the AQR Funds, to provide a full suite of fund administration, prime-custody, and related securities services for the firm's mutual funds with more than USD2 billion in assets.
Founded in 1998, AQR is based in Greenwich, Connecticut and manages approximately USD27 billion in assets for some of the largest institutional investors in the US, Europe, Australia and Asia. The AQR Funds were created to provide mutual fund investors with access to alternative and innovative investment strategies.
"When we decided to move our business from another service provider, we were looking for a strong firm that would help us build for the future by offering us leading technology, a highly automated environment, and excellent customer service," said Marco Hanig, President of AQR Funds. "As we prepare for our next phase of growth, we felt that J.P. Morgan was the right firm to help us reach our business objectives."
Robert Caporale, head of new business development - Americas, J.P. Morgan Worldwide Securities Services, said: "AQR is an important client to J.P. Morgan Prime Brokerage and to the firm overall. We are very pleased to expand this relationship with AQR by providing a broad and integrated package of fund administration, prime-custody, and securities services."
Founded in 1998, AQR is based in Greenwich, Connecticut and manages approximately USD27 billion in assets for some of the largest institutional investors in the US, Europe, Australia and Asia. The AQR Funds were created to provide mutual fund investors with access to alternative and innovative investment strategies.
"When we decided to move our business from another service provider, we were looking for a strong firm that would help us build for the future by offering us leading technology, a highly automated environment, and excellent customer service," said Marco Hanig, President of AQR Funds. "As we prepare for our next phase of growth, we felt that J.P. Morgan was the right firm to help us reach our business objectives."
Robert Caporale, head of new business development - Americas, J.P. Morgan Worldwide Securities Services, said: "AQR is an important client to J.P. Morgan Prime Brokerage and to the firm overall. We are very pleased to expand this relationship with AQR by providing a broad and integrated package of fund administration, prime-custody, and securities services."
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