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AQR's Comeback Came Too Late for Florida SBA | Institutional Investor

Florida’s $245.8 billion state investment office has terminated another of its investments with AQR Capital Management, despite the quant firm’s improving performance. The Florida State Board of Administration shared its first-quarter manager commitments and terminations on Tuesday, revealing that had it ended a commitment of $375 million to AQR at the beginning of February. This follows the investment office’s 2019 decision to terminate a separate U.S. equity investment with AQR worth $1...
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