As of: December 2023
These Terms of Use and any applicable Supplemental Terms (as defined below) (collectively,
“Terms”) describe the terms and conditions on which AQR Capital Management, LLC
and its affiliates (“AQR,” “we,” “us,” or
“our”) offers you access to this website and any other website or application on
or to which these Terms are linked or referenced (collectively, the
“Website”). Please read these Terms carefully because they constitute a
legal agreement between AQR and you.
Acceptance of the Terms
By accessing and using the Website, you affirm that:
- You have read and understand the Terms and agree to be bound by them;
- You will comply with the Terms; and
- You are at least the age of legal majority in your place of residence and otherwise
legally competent to enter into a legal agreement.
If you do not agree with these terms, please do not use this Website.
IMPORTANT NOTE
Please read carefully the sections titled “NO WARRANTIES,” “LIMITATIONS OF
LIABILITY,” “LIMITATION ON TIME TO FILE CLAIMS,” “INDEMNITY,”
AND “GOVERNING LAW.” These sections limit
- where you may bring a claim;
- how claims are adjudicated;
- the time you have to bring a claim; and
·- our liability to you.
Supplemental Terms
Some of the individual websites linked to, or pages contained within, the Website, or your
accessing or using a Website from a particular jurisdiction or for a particular purpose may
require you to agree to supplemental terms, conditions, disclaimers and/or disclosures
(“Supplemental Terms”). In the event of a conflict between the general Terms
below and any applicable Supplemental Terms, the applicable Supplemental Terms will govern
for any individual website or page(s) on which they appear, or for the jurisdictions or
purposes for which they were intended.
Changes to the Terms
AQR may revise, amend, or supplement these Terms from time to time without prior written
notice at any time, in our sole discretion. You should check the Terms each time you visit
the Website for updates. You can determine when the Terms were last revised by referring to
the “Last Revised” date at the top of this page. Any changes in the Terms take
effect upon posting and only apply to use of the Website after that date. Each time you
access, use, or browse the Website, you signify your acceptance of the then-current Terms.
Your continued use of this Website after the Last Revised date will constitute your
acceptance of and agreement to such changes.
No Offer or Advice
You acknowledge that the Content (as defined below) of this Website is for general,
informational purposes only and is not intended to constitute an offer or recommendation to
buy, sell, or hold any securities or promise to undertake or solicit business, and may not
be relied upon in connection with any offer or sale of securities. You understand that none
of the Content constitutes a recommendation that you should pursue any investment strategy,
and the Content is not to be relied upon for the purpose of making investment or other
decisions. In addition, you understand and agree that all Content provided in connection
with the Website is published without consideration of your individual circumstances.
Accordingly, you agree that you are solely responsible for any investment decisions or other
determinations made, including the evaluation of any investment or other risks, with respect
to any of the Content provided in connection with the Website. You agree to consult
professional advisors as to any legal, business, tax, accounting, investment, financial or
other advice regarding any Content provided in connection with or through the Website.
The information on the Website is provided to you with the understanding that AQR’s
provision of this information to you does not constitute the rendering of investment,
consulting, legal, accounting, tax, or other advice or services. Information on this Website
should not be relied upon for making business, investment or other decisions or used as a
substitute for consultation with professional advisors.
Unless separately and expressly agreed, we neither provide investment advice to, nor receive
and transmit orders from, nor carry on any other investment services and activities (as
defined in the European Union’s Markets in Financial Instruments Directive 2014/65/EU
(MiFID II) or the MiFID II regulatory regime in the United Kingdom, as applicable) for you
or any Website users.
Risk Factors
INVESTMENT IN ANY OF THE FUNDS, ACCOUNTS AND/OR STRATEGIES DESCRIBED ON THE WEBSITE CARRIES
SUBSTANTIAL RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THERE IS NO GUARANTEE THAT THE
INVESTMENT OBJECTIVES OF THE FUNDS, ACCOUNTS AND/OR STRATEGIES WILL BE ACHIEVED AND RETURNS
MAY VARY SIGNIFICANTLY OVER TIME. INVESTMENT IN THE FUNDS, ACCOUNTS AND/OR STRATEGIES
DESCRIBED ON THE WEBSITE IS NOT SUITABLE FOR ALL INVESTORS.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.
FUND OFFERING DOCUMENTS, INVESTMENT MANAGEMENT AGREEMENTS AND/OR ACCOUNT OPENING DOCUMENTS
CONTAIN IMPORTANT RISKS THAT ARE SPECIFIC TO EACH FUND, ACCOUNT AND/OR STRATEGIES THAT
SHOULD BE CONSIDERED BEFORE INVESTING.
INVESTORS SHOULD ONLY INVEST IN A FUND, ACCOUNT AND/OR STRATEGIES ONCE THEY HAVE THOROUGHLY
REVIEWED THE PROSPECTUS, INVESTMENT MANAGEMENT AGREEMENT AND/OR OTHER OFFERING OR
ACCOUNT OPENING DOCUMENTS AND CAREFULLY CONSIDERED THE RELEVANT INVESTMENT OBJECTIVES,
RISKS, CHARGES AND FEES. INVESTORS MAY WISH TO CONSULT AN INDEPENDENT FINANCIAL ADVISOR FOR
PERSONAL AND SPECIFIC INVESTMENT ADVICE BEFORE INVESTING.
Exchange rates may cause the value of overseas investments and the income arising from them
to rise or fall. The levels and bases of and relief from taxation (if any) may change. Any
tax relief referred to (if any) are those currently available and their value depends on the
circumstances of the individual investor. Investors should consult their own tax adviser in
order to understand any applicable tax consequences.
Material Interests
AQR and its partners, officers and/or employees may have holdings in funds or accounts that
may be referred to on the Website and may otherwise be interested in transactions that you
effect in those funds or accounts.
User Accounts and Website
Access
If you choose, or are provided with, a user name, password or any other piece of information
as part of AQR’s security procedures, you must treat such information as confidential,
and you must not disclose it to any other person or entity. You also acknowledge that your
account is personal to you and agree not to provide any other person with access to the
Website or portions of it using your user name, password, or other security information. You
agree to notify AQR immediately of any unauthorized access to or use of your user name or
password or any other breach of security (/Contact-Us). You also agree to ensure that you
exit from your account at the end of each session. You should use particular caution when
accessing your account from a public or shared computer so that others are not able to view
or record your password or other personal information.
AQR has the right to disable any user account at any time in AQR’s sole discretion for
any or no reason, including if, in AQR’s opinion, such user has violated any provision
of these Terms.
You may stop using this Website at any time. These Terms automatically terminate when you
fail to comply or if we reasonably believe that you have not complied with any term or
condition of them. Termination will not limit any of our other rights or remedies. Any
provision that must survive in order to give proper effect to the intent and purpose of
these Terms shall survive termination.
No Warranties
YOUR USE OF THE WEBSITE, ITS CONTENT, AND ANY SERVICES OBTAINED THROUGH THE WEBSITE IS AT
YOUR OWN RISK. THE WEBSITE, ITS CONTENT, AND ANY SERVICES OBTAINED THROUGH THE WEBSITE ARE
PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY
WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER AQR NOR ANY PERSON ASSOCIATED
WITH AQR MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY,
RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE WEBSITE. WITHOUT LIMITING THE
FOREGOING, NEITHER AQR NOR ANYONE ASSOCIATED WITH AQR REPRESENTS OR WARRANTS THAT THE
WEBSITE, ITS CONTENT, OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL BE
ACCURATE, AVAILABLE, RELIABLE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED,
THAT OUR WEBSITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL
COMPONENTS, OR THAT THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL
OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS.
TO THE FULLEST EXTENT PROVIDED BY LAW, AQR HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND,
WHETHER EXPRESS OR IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY
WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR PARTICULAR PURPOSE.
ANY ORAL OR WRITTEN ADVICE PROVIDED BY AQR OR ITS AGENTS DOES NOT AND WILL NOT CREATE ANY
WARRANTY.
THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER
APPLICABLE LAW.
NOTHING CONTAINED ON THIS WEBSITE SHOULD BE CONSTRUED AS AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY INTERESTS IN ANY SECURITIES OR PRODUCTS OFFER OR BY AQR. AN
OFFERING OF INTERESTS WILL BE MADE ONLY BY MEANS OF A CONFIDENTIAL PRIVATE OFFERING
MEMORANDUM AND ONLY TO QUALIFIED INVESTORS IN JURISDICTIONS WHERE PERMITTED BY LAW.
CERTAIN INFORMATION CONTAINED ON THE WEBSITE HAS BEEN SUPPLIED BY THIRD PARTIES. AQR CANNOT
GUARANTEE THE ACCURACY OF ANY SUCH INFORMATION AND DOES NOT REPRESENT THAT SUCH INFORMATION
IS ACCURATE OR COMPLETE.
Limitations of
Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, AQR DISCLAIMS ALL LIABILITY, WHETHER BASED IN
CONTRACT, TORT (INCLUDING WITHOUT LIMITATION NEGLIGENCE), STRICT LIABILITY OR ANY OTHER
THEORY ARISING OUT OF OR IN CONNECTION WITH THE WEBSITE, USE, INABILITY TO USE OR
PERFORMANCE OF, OR THE INFORMATION, CONTENT, PRODUCTS, SERVICES, FEATURES, FUNCTIONALITIES,
OR MATERIALS AVAILABLE FROM OR THROUGH THE WEBSITE. IN NO EVENT SHALL AQR BE LIABLE FOR ANY
DIRECT, INDIRECT, SPECIAL, PUNITIVE, INCIDENTAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES OR
LOSSES OF ANY KIND ARISING OUT OF OR RESULTING FROM (A) THESE TERMS; (B) THE USE OF OR THE
INABILITY TO USE THE WEBSITE; (C) WEBSITE CONTENT, PRODUCTS, SERVICES, FEATURES, OR
FUNCTIONALITIES; (C) ANY PRODUCTS OR SERVICES PURCHASED OR OBTAINED OR TRANSACTIONS ENTERED
INTO THROUGH THE WEBSITE; (D) ANY LOSS OF, UNAUTHORIZED ACCESS TO, OR ALTERATION OF A
USER’S DATA; OR (E) PROCUREMENT OF ANY SUBSTITUTE PRODUCTS OR SERVICES, INCLUDING BUT
NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLES, EVEN
IF AQR WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THESE LIMITATIONS SHALL APPLY
NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OR THE EXISTENCE OF ANY LIMITED
REMEDY.
YOU FURTHER AGREE THAT THE LIMITATIONS OF LIABILITY SET FORTH ABOVE WILL SURVIVE ANY
TERMINATION OR EXPIRATION OF THESE TERMS AND WILL APPLY EVEN IF ANY LIMITED REMEDY SPECIFIED
HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.
THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER
APPLICABLE LAW.
You acknowledge and agree that the above limitations of liability, together with the other
provisions in these Terms that limit liability, are essential terms and that AQR would not
be willing to grant you the rights set forth in these Terms but for your agreement to the
above limitations of liability.
Limitation on Time to File
Claims
ANY CAUSE OF ACTION OR CLAIM YOU MAY HAVE ARISING OUT OF OR RELATING TO THESE TERMS OF USE
OR THE WEBSITE MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES,
OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY BARRED, UNLESS OTHERWISE REQUIRED BY
LAW.
Indemnity
You agree that you will be solely responsible for, and that you will
defend, indemnify, and hold AQR and each of their respective partners, officers, directors,
agents, employees, and representatives harmless from and against any and all claims,
demands, liabilities, costs, or expenses, including reasonable attorneys’ fees,
resulting from your violation of these Terms of Use or otherwise resulting from your use of
the Website. AQR reserves the right, at its own expense, to assume the exclusive defense and
control of any matter for which it is entitled to indemnification, but you must still
indemnify AQR for all liabilities, losses, or damages. You agree to provide AQR with
whatever cooperation it reasonably requests.
Past Performance and Forward-Looking Statements
Past performance is not necessarily a guide to future performance. No representation is
being made that any investment or transaction will or is likely to achieve profits or losses
similar to those achieved in the past, or that significant losses will be avoided. The
investment return and principal value of an investment will fluctuate and, as a result, your
investment value may be more or less than original cost.
Information on this Website may contain forward-looking statements, including statements
concerning future events and AQR operations and performance. These statements are based on
current expectations, assumptions and estimates and are inherently subject to significant
uncertainties, risks and contingencies, many of which are beyond the control of AQR. The
Content of this Website reflects AQR’s opinion as of the date which such Content was
uploaded, and AQR expressly disclaims any obligation or undertaking to release any updates
or revisions to any statements contained on this Website to reflect any change in
expectations with respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Modifications to the
Website
AQR may from time to time, and reserves the right at any time to, modify, suspend, or
discontinue (whether temporarily or permanently) the Website, products, services, features,
functionalities, or any portion thereof, with or without notice. You agree that AQR will not
be liable to you or to any third party for any modification, suspension, or discontinuance
of the Website, product, service, feature, or functionality.
Third Party Content
AQR does not assume any responsibility or liability for information accessed via hyperlinks
to or from third party websites. The existence of such hyperlinks should not be construed as
an endorsement, approval or verification by AQR of any content available on third party
websites. AQR provides these hyperlinks as an accommodation to you and solely for
informational purposes. By providing access to other websites, AQR is not recommending the
purchase or sale of products, services or any securities provided by the sponsoring
organization of any third party website. AQR does not review, monitor or supervise the
content of any third party website or hyperlinked website. If you choose to access a linked
website, you do so at your own risk.
Privacy and Use of Personally Identifiable
Information
In addition to these Terms, your use of and access to the Website is also subject to our
Website Privacy Policy (the “Privacy Policy”), which are incorporated by
reference herein, as applicable. Our Privacy Policy contains additional terms relating to
our potential collection, use, and disclosure of your personal information, as applicable.
You agree that you have read, agreed to, and understand our Privacy Policy.
Cyber Security
AQR seeks to protect the privacy and security of information and its Website. AQR cannot,
however, assure you that your information will never be disclosed in a manner inconsistent
with these Terms and makes no representations or warranties regarding the sufficiency of our
security measures.
Copyright and
Trademarks
The trade names, trademarks, service marks, trade dress, logos and other indicia of source
found on the Website and any and all information and content available through the Website
(including strategies, policies, business plans, research, concepts and other information
(collectively, the “Content”)) are proprietary to AQR or others and are
protected by copyright, trademark, unfair competition, and other laws. You may not
reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer,
license, assign or publish any information obtained from this Website without AQR’s
express prior written consent. You shall not use this Website at any time for any purpose
that is unlawful or prohibited and shall comply with any applicable local, state, national
or international laws or regulations when using this Website.
AQR, and the logos and marks included on this Website that identifies AQR services and
products are proprietary materials. The use of such terms and logos and marks without the
express prior written consent of AQR is strictly prohibited. Copyright in the pages and in
the screens of the Website, and in the information and material therein, is proprietary
material owned by AQR, unless otherwise indicated.
The unauthorized use of any material on the Website may violate numerous statutes,
regulations and laws, including, but not limited to, copyright, trademark, trade secret or
patent laws.
Governing Law
This Website (excluding third party websites) is controlled by AQR from its offices in the
State of Connecticut, United States of America. By accessing this Website, both you
and AQR agree that the laws of the State of Connecticut, without regard to the conflicts of
law principles will apply to all matters relating to use of this Website. You and AQR also
agree and hereby submit to the exclusive personal jurisdiction and venue of the Connecticut
State and United States federal courts. You irrevocably consent to such jurisdiction
and waive any claim of inconvenient forum. YOU HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED
BY LAW, ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, CLAIM OR PROCEEDING BROUGHT TO
ENFORCE, DEFEND OR INTERPRET ANY RIGHTS OR REMEDIES ARISING HEREUNDER, RELATING TO OR IN
CONNECTION WITH THESE TERMS AND THIS WEBSITE.
International Use
The Website is directed at residents of the United States of America, and is not intended
for distribution to, or use by, any person or entity in any jurisdiction or country where
such distribution or use would be contrary to law or regulation or that would subject AQR to
any registration or other requirement within such jurisdiction or country. You represent and
warrant that (i) you are not located in a country that is subject to a U.S. Government
embargo or that has been designated by the U.S. Government as a “terrorist
supporting” country; and (ii) you are not listed on any U.S. Government list of
prohibited or restricted parties.
AQR reserves the right to limit access to the Website to any person, geographic region or
jurisdiction. Unless otherwise expressly set forth herein, AQR makes no representations that
transactions, products or services discussed on, or accessible through, the Website are
available or appropriate for use in all jurisdictions or by all users, or that access by any
user in the jurisdiction in which such user is located is not illegal or prohibited. Users
who choose to access the Website from other locations outside the United States access it on
their own initiative and are responsible for establishing the legality, usability and
correctness of any information or materials on the Website under the laws of any applicable
jurisdictions.
General Terms
Our failure to exercise or enforce any right or provision of these Terms shall not
constitute a waiver of such right or provision. Waivers are effective only if in writing and
signed by us and you. These Terms may not be amended unless in writing. If any provision of
these Terms is or becomes unenforceable or invalid, the remaining provisions will continue
with the same effect as if such unenforceable or invalid provision had not been used.
Nothing contained in these Terms will be deemed to constitute AQR or you as the agent or
representative of the other or as joint venturers or partners. These Terms inure to the
benefit of and will be binding upon our and your permitted successors and assigns. You must
not transfer any of your rights or obligations under these Terms to anyone else without our
prior written consent. All of our rights and obligations under these Terms are
assignable. Headings and captions are for convenience only.
Contact Information
You can contact us at:
Email:
www.aqr.com/Contact-Us
Telephone: 203-742-3600
Postal Address: One Greenwich Plaza, Suite 130, Greenwich, CT 06830 USA