AQR Diversified Arbitrage mutual fund and Sustainable Corporate Arbitrage UCITS remain viable diversifiers within a broader portfolio, supported by a disciplined framework and an experienced team. However, the strategy’s elevated leverage, persistent net long exposure, and more complex implementation support a Process Pillar downgrade to Average from Above Average.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ADAIX’s performance objective and investment process is for both security selection and portfolio construction.
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