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Investors Pull Billions from Quant King AQR as Performance Slumps

AQR Capital Management, one of the biggest quantitative fund managers, is undergoing a prolonged performance downturn that has led to investors withdrawing increasing amounts in 2019.

The Connecticut-based firm, which manages both hedge funds and mainstream long-only funds, had a difficult 2018; fewer than half of its 41 mutual funds delivered positive returns in what was a challenging year for most quant managers...