Asness' AQR to Launch First Catastrophe Bond Fund Strategy

The hang-up is always: "How do you allow redemptions in a fund invested in illiquid assets?"*
From Artemis:

Investment management firm AQR Capital Management LLC has registered its first catastrophe bond fund with the SEC, which would position the fund for launch to investors in 2015.

The new fund, which was registered with the SEC under the name AQR Catastrophe Bond Fund LP, will be capitalised with AQR’s own funding to begin with.

The fund will target institutional clients once up and running. In the meantime the AQR cat bond fund will be capitalised with AQR’s own funds, which will help it to build a track-record.

If or when the AQR Catastrophe Bond Fund is opened up to institutional investors the minimum commitment will be $5m, according to the SEC filing....MORE

*See, for example, also at Artemis:
Stone Ridge hits $2Bn of ILS & reinsurance-linked assets for first time
30/09/2014