AQR Capital Management's longest-running multi-strategy has started 2022 with record performance, according to a report by Institutional Investor.

The firm's absolute return strategy chalked up 10.4 per cent net return in the first five days of January and closed the month having record a total return of 15.4 per cent. 

January's record performance followed a total 2021 net gain of 16.8 per cent the month December 2021 ranks as one of the fund’s top four months ever. 

AQR’s dedicated value strategy, Equity Market Neutral Global Value, returned 22.3 percent net of fees year-to-date through 31 January

Other AQR strategies to post strong 2021 performance were: Style Premia Alternative Fund (24.8 per cent); Alternative risk Premia Fund 14.2 per cent); and Diversifying Strategies Fund (10.7 per cent), while that firms alternative equity strategies returned 33.2 per cent (Delphi long short equity strategy), 17.6 per cent (equity market neutral fund), 31.1 percent (long short equity fund), and 10.2 per cent (sustainable long-short equity fund).