AQR Alternative Risk Premia has suffered through nearly unprecedented factor volatility. Its more diverse portfolio has held up better than its sibling AQR Style Premia Alternative, which doesn't include trend-following, but the extended poor performance highlights shortfalls in its investment process. Its Process rating has been downgraded to Average and its Morningstar Analyst Rating has been downgraded to Neutral for all share classes.
Will QRPRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QRPRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the QRPRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of QRPRX’s parent organization’s priorities and whether they’re in line with investors’ interests.