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Beware high correlations: AQR

An allocation to hedge funds is necessary to stand any chance of making any money in down markets, according to AQR Capital Management co-founder and head of client strategies David Kabiller.

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Read more: David KabillerAQRAQR Capital Management co-founderAustraliaInvestmentAsia-Pacific regionAustralianGoldman Sachs executiveMay 1May 2014New Zealand clientsSharpe ratios