ADANX

About ADANX

AQR Diversified Arbitrage Fund Class N is an alternative mutual fund that pursues a multi‑strategy arbitrage approach across corporate events. Its primary objective is to exploit **pricing inefficiencies** linked to transactions such as mergers, convertible bond dynamics, initial public offerings, financings, and restructurings, seeking return streams with **low correlation** to broad equity markets. The portfolio spans **merger arbitrage, convertible arbitrage, and event‑driven** trades, dynamically tilting toward the most attractive opportunities identified by AQR’s systematic research process. As of mid‑2025, exposures reflect a blend of long and short positions across these sleeves, consistent with the strategy’s market‑neutral orientation and emphasis on risk control. The fund compares its performance profile to short‑term Treasury bills to highlight its absolute‑return character, and discloses operating expenses and adjusted expense metrics typical of arbitrage funds that use derivatives and shorting. Managed by an experienced AQR arbitrage team, the vehicle offers daily liquidity and standardized minimums for individuals, providing diversified access to classic hedge‑fund‑style arbitrage in a registered fund format.