An innovative approach to systematic investing backed by research insight and economic intuition.

Explore Our Firm
Podcast

Diversify or Hedge?

Diversification is great, but it’s not the same thing as a hedge. Hedges are helpful downside protection in theory, but in practice they might not be worth it.

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Working Paper
News

AQR Announces Winners of 2019 Insight Award

This year, first prize was awarded to “Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets” by authors Kelly Shue, of Yale University and NBER, and Richard R. Townsend of University of California San Diego. The paper was awarded a $50,000 prize.

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Our Approach

How we invest

Cliff's Perspectives

“Let's all be nicer to financial theory. If we stick with it long enough, it will probably be nice to us.”

Cliff Asness, Managing and Founding Principal

Quant Cassandra

If all of us, as investors, can persevere, we believe the long-term benefits are great. But even knowing all this in advance doesn’t make it easy. Hopefully, this reminder of what we all knew sixteen long months ago is helpful.

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More from Cliff's Perspectives

Our History

From academia to industry leaders—AQR’s evolution over two decades

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Our Team

We believe in the power of collective intelligence.

stats Created with Sketch. 54 Awards granted for our research 45% Of employees have advanced degrees ~ 1,000 Passionate people searching for the truth
54 Awards granted for our research
45% Of employees have advanced degrees
~ 1,000 Passionate people searching for the truth
as of June 30, 2019