AQR's 2023 Success: Stocks, Commodities, and Alternative Strategies

AQR, a $99 billion investment manager, achieved a net 18.5% return for its AQR Absolute Return strategy in 2023, driven by stock selection, particularly value investing, and positive trades in commodities such as iron ore and European natural gas. The AQR Apex Strategy also benefited from successful stock trades and economic trends. Despite challenges from global interest rate hikes and a banking crisis, AQR's alternative-trend following Helix Strategy returned a net 14.3% in 2023.