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Quant Firm AQR Capital Management Seeks SEC Approval to Sell ETFs

(Bloomberg) One of the most profitable quant money managers may soon be taking a dive into the hot exchange-traded fund industry. AQR Capital Management, the $195 billion firm co-founded by Cliff Asness, last week asked the Securities and Exchange Commission for what’s called exemptive relief for index-based and transparent actively managed ETFs — the first step necessary to start a fund. If the permission is granted, the firm would have the legal go-ahead to offer the ETFs at any point in the future.

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