FYI: One of the most profitable quant money managers may soon be taking a dive into the hot exchange-traded fund industry.
AQR Capital Management, the $195 billion firm co-founded by Cliff Asness, last week asked the Securities and Exchange Commission for what’s called exemptive relief for index-based and transparent actively managed ETFs -- the first step necessary to start a fund. If the permission is granted, the firm would have the legal go-ahead to offer the ETFs at any point in the future.
Regards,
Ted
http://www.fa-mag.com/news/aqr-capital-management-seeks-approval-from-sec-to-sell-etfs-34333.html?print
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