Aqr Arbitrage, LLC

CRD#114626
Investment Advisor Firm

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Overview

Aqr Arbitrage, LLC is an advisory firm headquartered in Greenwich, Connecticut. The company manages $3.0 billion in assets across 18 client accounts, placing it among the largest firms in the country by assets under management (AUM). The firm has a small group, including 13 financial advisors. Aqr Arbitrage, LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as bonds, options and stocks.

Aqr Arbitrage, LLC manages all of its accounts in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell decisions without requiring the customer's permission. The advisory firm supervises about $169.3 million in assets for every account. The average financial advisor at Aqr Arbitrage, LLC oversees about one client account, placing it among the most individualized advisor firms in the country.

Aqr Arbitrage, LLC's central office is at One Greenwich Plaza, Greenwich, Connecticut 6830. Aqr Arbitrage, LLC is registered to provide services to investors in the state of Connecticut.

Assets Under Management

$3.0 billion

Number of Advisors

13

Disclosures

No

Office Location

One Greenwich Plaza
Greenwich, CT 06830

Aqr Arbitrage, LLC by the Numbers

Total Assets Under Management

$3.0 billion

National Average: $8.6 billion
Total Number of Employees

13

National Average: 64
Total Number of Accounts

18

National Average: 375,227
Average Account Size

$169.3 million

National Average: $23.0 thousand
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Fee Structure

Financial management fees largely depend on which services the firm provides the client. Fee types charged by Aqr Arbitrage, LLC likely are comprised of some blend of the following fee types: asset-based or performance-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company provides services to investment companies and pooled investment vehicles. Out of its 18 customers, Aqr Arbitrage, LLC's biggest client type by number of accounts is pooled investment vehicles. About 67% of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Aqr Arbitrage, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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