Bloody November: AQR Losses 5.8%

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We've noted more than once around here that November's market volatility was likely to have hit quant funds particularly hard, although there's no evidence that it caused the kind of cascading losses and sell-offs we saw this summer.
More evidence for this call comes this morning from the New York Post's Roddy Boyd, who reports that AQR Capital Management's$4 billion AQR Absolute Return fund dropped an additional 5.8 percent in November after a 3.17 percent loss in October.
November was a rough month for most fund strategies, although several are said to have recovered from steep losses early in the month thanks to the post-Thanksgiving market rally.
AQR's Quant Loses Muster [New York Post]

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