AA
Aqr Arbitrage, Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 114626
· SEC file 801-60678
· Greenwich, CT
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $4.4B
- Discretionary
- $4.4B
- Clients
- 15
- Avg AUM / client
- $292M
- Accounts
- 15
- Employees
- 18
AUM over time
$2.8B
$13.4B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $2.1B | 48.4% |
| Pooled investment vehicles (non-investment companies) | 14 | $2.3B | 51.6% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $74.6M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cnh Ca Master Account, L.P. | Hedge Fund | Cayman Islands | $44.9M | 3 |
| Aqr Arbitrage Ma Offshore Fund, L.P. | Hedge Fund | Cayman Islands | $28.6M | 1 |
| Cnh Diversified Opportunities Master Account, L.P. | Hedge Fund | Cayman Islands | $1.1M | 4 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Asness, Clifford, Scott | Principal | May 2001 (25y) | ≈ 7.03% – 37.5% via Aqr Capital Management Group, L.P. | |
| Kabiller, David, Gary | Principal | May 2001 (25y) | Less than 5% | |
| Liew, John, Mihn Soo | Principal | May 2001 (25y) | Less than 5% | |
| Mitchell, Mark, L | Member | May 2001 (25y) | ≈ 18.75% – 56.25% via Raim Corp | |
| Pulvino, Todd | Principal | May 2001 (25y) | ≈ 18.75% – 56.25% via Raim Corp | |
| Bryant, Robert, Fisk | Principal | Jan 2012 (15y) | Less than 5% | |
| Willcox, Herbert, James | Chief Compliance Officer | Aug 2013 (13y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Aqr Capital Management, Llc | Member | May 2001 | A | 50% – 75% |
| Cnh Capital Management, Llc | Member | Mar 2015 | A | 50% – 75% |
| Aqr Capital Management Holdings, Llc | Member | Nov 2004 | B | ≈ 37.5% – 75% via Aqr Capital Management, Llc |
| Aqr Capital Management Group, L.P. | Member | Sep 2012 | B | ≈ 28.13% – 75% via Aqr Capital Management Holdings, Llc |
| Affiliated Managers Group, Inc. | Member | Nov 2004 | B | ≈ 7.03% – 37.5% via Topspin Acquisition, Llc |
| Raim Corp | Member | Mar 2015 | B | ≈ 37.5% – 75% via Cnh Capital Management, Llc |
| Topspin Acquisition, Llc | Member | Dec 2014 | B | ≈ 9.38% – 37.5% via Aqr Capital Management Holdings, Llc |
Estimated effective ownership (look-through of filed bands):
- Asness, Clifford, Scott: 25% – 50% of Aqr Capital Management Group, L.P. × 75% – 100% of Aqr Capital Management Holdings, Llc × 75% – 100% of Aqr Capital Management, Llc × 50% – 75% direct ≈ 7.03% – 37.5% of the firm
- Mitchell, Mark, L: 50% – 75% of Raim Corp × 75% – 100% of Cnh Capital Management, Llc × 50% – 75% direct ≈ 18.75% – 56.25% of the firm
- Pulvino, Todd: 50% – 75% of Raim Corp × 75% – 100% of Cnh Capital Management, Llc × 50% – 75% direct ≈ 18.75% – 56.25% of the firm
- Aqr Capital Management Holdings, Llc: 75% – 100% of Aqr Capital Management, Llc × 50% – 75% direct ≈ 37.5% – 75% of the firm
- Aqr Capital Management Group, L.P.: 75% – 100% of Aqr Capital Management Holdings, Llc × 75% – 100% of Aqr Capital Management, Llc × 50% – 75% direct ≈ 28.13% – 75% of the firm
- Affiliated Managers Group, Inc.: 75% – 100% of Topspin Acquisition, Llc × 25% – 50% of Aqr Capital Management Holdings, Llc × 75% – 100% of Aqr Capital Management, Llc × 50% – 75% direct ≈ 7.03% – 37.5% of the firm
- Raim Corp: 75% – 100% of Cnh Capital Management, Llc × 50% – 75% direct ≈ 37.5% – 75% of the firm
- Topspin Acquisition, Llc: 25% – 50% of Aqr Capital Management Holdings, Llc × 75% – 100% of Aqr Capital Management, Llc × 50% – 75% direct ≈ 9.38% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $74.6M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cnh Ca Master Account, L.P. | Hedge Fund | $44.9M | $5.0M | 3 |
| Aqr Arbitrage Ma Offshore Fund, L.P. | Hedge Fund | $28.6M | $5.0M | 1 |
| Cnh Diversified Opportunities Master Account, L.P. | Hedge Fund | $1.1M | $5.0M | 4 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.07 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗