Hoon Kim, head of equity portfolio implementation in AQR Capital Management’s global stock selection group, is to exit after almost 13 years with the firm.
He will leave the quant-driven asset manager to pursue other opportunities but will still be working with the firm over the next few weeks as it finalizes his departure, an AQR spokeswoman told Citywire.
Kim joined AQR in May 2005 and has been responsible for the day-to-day portfolio management decisions for all long/short and long-only equity strategies at the firm.
He has worked on various areas of investment strategy and process, including alpha signal research, portfolio construction, performance attribution and portfolio analytics.
He also played a key role in building AQR’s defensive equity strategies, according to the firm’s website.
Prior to joining AQR, he was the head of quantitative equity research at Mellon Capital Management in San Francisco from 2001 to 2005.
As a result of Kim’s upcoming departure from AQR, he has been removed from the $1.4 billion AQR Large Cap Defensive Style fund, $191.6 million AQR International Defensive Style fund, $79.2 million AQR Emerging Defensive Style fund, $17.0 million AQR Large Cap Relaxed Constraint Equity fund, $3.6 million AQR Small Cap Relaxed Constraint Equity fund, $65.7 million AQR International Relaxed Constraint Equity fund and $54.5 million AQR Emerging Relaxed Constraint Equity fund.