AQR is a global investment management firm built at the intersection of financial theory and practical application. We invest on behalf of our clients — from pension funds and insurance companies to endowments and foundations to sovereign wealth funds and financial advisors. Our commitment to our clients is to help them exceed their long-term objectives. We do this by filtering out market noise to identify and isolate what matters most, and by implementing ideas that stand up to rigorous testing.

Our focus on research-driven, practical insights powered by advanced technology, economic intuition and firm-wide risk management, has made us leaders in alternative and traditional strategies and explains why so many types of investors seek our expertise in meeting their financial challenges.

Latest News and Insights

  • November 20, 2015

    AQR Paper Investigates Whether Defensive Stocks Are Expensive

    Topic: Defensive Stocks
    A new AQR white paper, "Are Defensive Stocks Expensive? A Closer Look at Value Spreads," addresses an investor perception that defensive stocks are at rich valuations, making it a bad time to invest in them. This paper shows that when viewed through the lens of value spreads (long/short portfolios), valuations for defensive portfolios, while rich, are not particularly expensive currently.
  • November 11, 2015

    New Article Reconsiders the Wisdom of Market Timing

    Topic: Portfolio Trading, Style Investing
    Writing in Institutional Investor, Cliff Asness, Antti Ilmanen and Thomas Maloney of AQR explore the feasibility of market timing, often considered an investing sin, using a combination of contrarian and trend-following strategies. The authors apply these ideas to stocks and bonds and their combination, arguing that if employed in moderation, market timing can be a virtue.
  • November 11, 2015

    Tobias Moskowitz Explains “Smart Beta,” or Styles Investing

    Topic: Style Investing
    AQR Principal Tobias J. Moskowitz, who is also the Fama Family Professor of Finance at the University of Chicago’s Booth School of Business, spoke about “smart beta,” or styles investing, at the Charles Schwab IMPACT Conference in Boston.
  • November 10, 2015

    Journal Article Rebuts Misperceptions About Value Investing

    Topic: Style Investing
    Value investing strategies have had a long and storied history in financial markets, but there remains much confusion about it. In "Fact, Fiction and Value Investing," Cliff Asness, Andrea Frazzini, Ronen Israel and Tobias Markowitz address a number of the more common misperceptions and take on the commonly held belief that value is solely compensation for risk.
  • In a continued effort to make our research and ideas accessible, AQR has begun securing permissions and electronically republishing on our website many of the scholarly papers our researchers have published in peer-reviewed journals.