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Costs cast increasing doubt over hedge fund relevance

The inability to scale hedge fund exposures and risks, has led many large investors, like CalPERS this week and ATP last year, to exit their hedge fund programs. Complexity continues to be a drain on the relevancy of hedge funds, but importantly cost is driving the agendas of these investors. As AQR’s Cliff Asness admits, […]
Organisational Design

The power of innovation

From allocating assets in order to achieve a healthy funding status, to keeping up with technology that analyses portfolio risk, the challenges of asset owners are relentlessly evolving. For asset managers, like AQR, the key to their own evolution and success is how to be more relevant to clients. AQR keeps clients’ needs firmly within […]
Uncategorised posts

Breakfast with AQR’s Cliff Asness

Having a breakfast meeting with Cliff Asness is a wake-up call. He will let you know if you’re late – something he holds in very little regard. He admits he has to constantly remind himself that just because he’s 20 minutes early to everything that others are not automatically then 20 minutes late. Asness is […]

Research suggests global diversification works… eventually

An article written by AQR Capital Management colleagues, Cliff Asness, Roni Israelov, and John Liew, International Diversification Works (Eventually) was selected the best article in the prestigious Graham and Dodd Awards, a CFA Institute program honoring the top Financial Analysts Journal articles of 2011. It finds that despite the many critics of diversification, global portfolio […]
Uncategorised posts

Back to the future: short-selling ban lambasted

Cliff Asness must be a very stressed man. Not only has he been “mad as hell” for nearly three years (or is it mad again?) but also the reprise in responses by regulators around the globe to market crises, namely banning short selling, means he doesn’t have to write any original words in response.