Excepts: “Billionaire Cliff Asness’ hedge fund AQR hit with $43B COVID-19 losses” The firm’s Multi-Strategy Alternative fund, for example, is down 22 percent this year following declines of 10 percent in 2019. Its Small-Cap Multi-Style fund, which was up 20 percent last year, is now down 29 percent. “That’s pretty terrible,” one hedge fund manager […]

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