Investment innovation at the intersection of technology, data and behavioral finance.
It's in our DNA.

Explore Our Firm
Alternative Thinking

What’s the Worst That Should Happen?

Expected returns on traditional assets are lower than their historical averages, yet the same is not true for risks. Setting expectations may be more important today than ever. We provide a framework to set expectations on downside risk, one that can be used for a range of assets, portfolios, and investment decisions.

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White Paper

Inflation Outlook: the Macro, the Micro, the Transitory

Financial markets have had a relatively muted reaction to the recent bout of higher than expected inflation. We assess what might explain markets’ sanguine response. We explain why we believe there are factors suggesting a return to low inflation readings is unlikely in the near term, and what the investment implications might be of such a scenario.

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White Paper

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

Shorting Your Way to a Greener Tomorrow

It would be an understatement to say there is confusion in the industry about the use of shorting in an ESG context. When it comes to calculating a portfolio’s ESG score, we have heard arguments ranging from "ignore the shorts” to “net them against longs,” and, my favorite as it’s creatively insane, “pretend the shorts are actually longs.” This note explains why it is critical that shorts be properly accounted for, so that investors can use shorting to reduce carbon exposure, to get to net zero or to achieve other ESG goals.

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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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Strategies

We offer a broad range of diversified strategies based on a unified set of underlying principles.

AQR is at the nexus of economics, behavioral finance, data, and technology. Our evolution has been a continuous exploration of what drives markets and how it can be applied to client portfolios.

Investors should conduct their own analysis and consult with professional advisors prior to making any investment decisions. Diversification does not eliminate the risk of experiencing investment loss. Past performance is not a guarantee of future results. Investment process is subject to change.