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Pension Benefit Guaranty Corporation Awarded a Contract to AQR CAPITAL MANAGEMENT LLC for $31,205,433.59

Signed on

9/29/2015, 12:00 AM

AQR CAPITAL MANAGEMENT LLC Government Contract #PBGC01CT150040

AQR CAPITAL MANAGEMENT LLC was awarded a contract with the United States Government for $31,205,433.59. The contract was awarded by the agency office PENSION BENEFIT GUARANTY CORP, which is a division with the Pension Benefit Guaranty Corporation within the Pension Benefit Guaranty Corporation.

Summary of Award

The recipient of the federal contract is AQR Capital Management LLC, a U.S.-owned business in Connecticut that specializes in portfolio management. The contract, funded by the Pension Benefit Guaranty Corporation, is worth $31,205,433.59 and is for financial management support services. Notable transactions include payments of $5,800,000, $4,500,000, and $3,700,000 to the recipient.

Contract Details

Contract IDPBGC01CT150040
Contract TypeD
Total Obligation$31,205,433.59
Exercised Options$31,205,433.59
Base Amount + Options$31,205,433.59
Date Signed2015-09-29
Contract DescriptionIGF::OT::IGF
Start Date2015-09-30
End Date2026-03-29

Agency Details

Awarding AgencyPension Benefit Guaranty Corporation
Awarding Sub AgencyPension Benefit Guaranty Corporation
Awarding OfficePENSION BENEFIT GUARANTY CORP
Funding AgencyPension Benefit Guaranty Corporation
Funding Sub AgencyPension Benefit Guaranty Corporation
Funding OfficePENSION BENEFIT GUARANTY CORP

Recipient Details

RecipientAQR CAPITAL MANAGEMENT LLC
Recipient LocationTWO GREENWICH PLAZA 3 RD FL GREENWICH CONNECTICUT, UNITED STATES
Business CategoriesCategory Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00035$-598,692.12February 2, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-598,692.12 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00034$1,000,000.00August 4, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,000,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00033$-2,672,351.60July 18, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-2,672,351.60 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00032$2,800,000.00June 20, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,800,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00031$0.00April 25, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00030$3,000,000.00August 10, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,000,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00029$-3,530,508.34July 19, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-3,530,508.34 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00028$4,500,000.00September 6, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $4,500,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00027$-10,789.28June 29, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-10,789.28 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00026$300,000.00March 6, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $300,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00025$0.00November 19, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00024$5,200,000.00August 31, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $5,200,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00023$-372,604.09August 16, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-372,604.09 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00022$0.00May 24, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00021$0.00February 26, 2021

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00020$0.00November 16, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00019$3,900,000.00August 26, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,900,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00018$-657,709.82January 11, 2020

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-657,709.82 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00017$3,500,000.00September 17, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,500,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00016$500,000.00July 30, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $500,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015$-1,207,360.61January 17, 2019

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,207,360.61 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00014$4,152,000.00August 26, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $4,152,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$-667,419.31February 17, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-667,419.31 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00012$-236,502.00February 1, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-236,502.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$0.00January 29, 2018

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010$-12,954.00November 29, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-12,954.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00009$58,000.00September 28, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $58,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$1,611,800.00September 12, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,611,800.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #7$3,700,000.00July 25, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $3,700,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #6$700,000.00March 14, 2017

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $700,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #5$-628,167.36November 9, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-628,167.36 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #4$1,900,000.00September 26, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,900,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #3$200,000.00September 9, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $200,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #2$0.00August 30, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #1$1,400,000.00August 10, 2016

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $1,400,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0$2,780,000.00September 29, 2015

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $2,780,000.00 to AQR CAPITAL MANAGEMENT LLC. The payment included a Subsidy Cost of $0.00.