Smart, curious people are behind everything we do

At AQR, we share a deep desire to understand the world around us. We foster a dynamic, collegial environment where everyone has the chance to be heard, ask questions and challenge themselves.

We look for smart, curious people and invest in their success—both professionally and personally. We invite you to discover your potential at AQR.

Departments

Select a department to learn more about what we do. 

  • Business Development
  • CNH Partners
  • Compliance
  • Engineering
  • Facilities
  • Finance
  • Global Trading
  • Human Resources
  • Legal
  • Marketing
  • Operations
  • Portfolio Finance
  • Portfolio Implementation
  • Research
  • Risk Management

Business Development

The Business Development group is primarily responsible for managing existing client relations, identifying and attracting new investors to AQR, and then managing those relationships on an on-going basis. The group includes members with a variety of backgrounds, including institutional money management, academic finance and investment consulting. This breadth of skills allows group members to provide prospects and clients not only with information on AQR as a business, but also detailed insight into investment process and implementation, current portfolio positioning and developments on the research front.

CNH Partners

An affiliate of AQR, CNH Partners focuses on portfolio management and research and development of arbitrage related strategies. Separate strategies managed by CNH are merger arbitrage, convertible arbitrage and diversified opportunities. CNH also sub-advises sleeves of AQR’s multi-strategy hedge funds that employ the same strategies.

Compliance

AQR’s Compliance team is responsible for ensuring the firm’s adherence to not only its legal, regulatory and fiduciary requirements, but also to the high ethical standards expected from all of its employees. The team oversees the development of policies and procedures, training and continuing compliance education, risk identification and guidance to business and operational units. AQR’s Compliance team reinforces the firm’s commitment to a culture of compliance in a dynamic legal and regulatory environment.

Engineering

The Engineering team, which comprises 27% of the firm's employees,* intersects with everything we do at AQR. Our engineers work side by side with portfolio managers at every stage, from signal inception through trade execution, to build solutions that both fuel the business today as well as evolve and scale for tomorrow. Our engineers help us to communicate performance through world-class data visualization and reporting. They are also responsible for designing the systems and processes that power the firm’s operations and support risk management and reporting. The team also sources and maintains the data used throughout the firm and provides the tools that we use every day, from communications technology to co-location, cloud storage, and security. AQR engineers are exposed to the entire lifecycle of a software product, from cradle to grave. (*as of February 2018)

Facilities

The Facilities team provides services that are critical to the well-being of the firm, including building and vendor management, security and contingency planning, space and construction management, facilities and amenities, and reception and administrative support.

Finance

The Finance team is responsible for the maintenance of the financial records of the corporate entities of AQR. Their responsibilities include Payroll, Accounts Payable, Treasury, Accounts Receivable, Internal and External Financial and Regulatory Reporting, Procurement and Tax. This team also maintains relationships with vendors, clients, banks and various other counterparties of AQR.

Global Trading

The Global Trading Strategies team is responsible for efficient trade execution of AQR’s investment strategies. The team is comprised of traders, trading assistants, trading infrastructure and trading algorithm developers, as well as market microstructure and short-term signal researchers. The team designs and develops algorithmic trading methodologies in many asset classes globally. The team also performs transaction cost analysis on the many markets that the firm trades in, which feeds the transaction cost forecasting models for AQR’s investment strategies. Working in conjunction with Portfolio Management, Research, Operations, Legal and Credit, the Trading group seeks to develop and maintain an effective and scalable trade execution platform for all of the portfolios that AQR manages.

Human Resources

Human Resources leads the firmwide effort to attract, retain, reward and develop top talent. The team partners with each of the firm's businesses to provide a full range of services including: workforce planning and recruiting, best practices to engage and reward employees, designing competitive pay and benefit plans, and employee promotion and development. In addition, HR serves as an advisor to management, creates programming to foster employee connectivity and firm culture, and oversees QUANTA, the firm’s signature learning and development curriculum for employees.

Legal

The Legal team works as an internal adviser providing oversight and counsel across all departments within the firm. The team is responsible for monitoring both new laws and changes to existing laws, and for providing guidance and advice on many business issues. The team is also involved in the negotiation of contracts and the structuring of new products related to new lines of business.

Marketing

The Marketing team, which is part of Business Development, is responsible for brand management, corporate communications, digital strategy, design and signature events for the firm. Its goal is to raise the firm’s visibility and obtain and retain clients, using a global communications platform to address all investment strategies, regions and client channels. The Marketing team seeks to deliver the most effective, innovative and scalable ways to express the traits that set AQR apart: its close ties to leading academic institutions, investment capabilities, client solutions and industry expertise.

Operations

Operations is responsible for supporting the various trading, investment and reporting activities of the firm. The core mission of the Operations team is to establish scalable investment workflows, ensure a controlled operating environment and deliver high-quality service to both internal and external clients. The team also assists with the design and implementation of firm-wide projects, operational due diligence, counterparty management and client-related activities.

Portfolio Finance

The Portfolio Financing team manages the firm’s financing relationships, the structure of its portfolio financing and the oversight of its costs. It also develops new financing sources.

Portfolio Implementation

The Portfolio Implementation team is responsible for the construction, optimization and management of AQR’s global portfolios. The team works closely with researchers to bring to market new systematic investment strategies and refine existing ones, applying a practical understanding of markets to portfolio implementation decisions. They also manage portfolios across a broad range of investment mandates and asset classes in a collaborative and intellectually stimulating environment. The team oversees all portfolio level activities and manages the launch of new investment mandates, coordinating across senior portfolio managers, client relationship managers and key functional groups.

Research

Research analysts participate in a variety of integral business functions, including research, data analysis, portfolio optimization, risk management and programming. Analysts gain hands-on experience in quantitative research as well as the opportunity to become familiar with quantitative asset management and the investment philosophy that drives AQR. Our Research group has three teams: Global Alternative Premia (GAP), Global Asset Allocation (GAA), and Global Stock Selection (GSS). The GAP team is responsible for research and portfolio implementation of the firm’s alternative risk premia multi-strategies. GAP researchers, a number of whom are world-renowned academics in the field of style premia, are responsible for improving and developing investment processes by identifying new factors and enhancing the tools used to measure existing factors. The GAA team primarily focuses on portfolio management and research related to macro trading strategies, including country and currency selection strategies, fixed income arbitrage strategies, commodities strategies and credit strategies. The team is responsible for the management of a number of AQR's hedge funds, as well as the overlay portion of AQR's many international and global equity mandates. The GSS team is responsible for the portfolio management and research of AQR’s strategies relating to individual equities and equity related securities. GSS models are applied to market-neutral long/short portfolios in AQR hedge funds, as well as to long-only, relaxed-constraint and low volatility portfolios for institutional equity mandates and mutual funds.

Risk Management

The Risk Management team monitors and manages market, credit, liquidity, model and funding risk exposures of firm-managed investments. The team performs a wide range of primary and macro-driven research, including stress testing, scenario analysis, and hedging methodologies. The team works closely with the firm’s portfolio managers covering macro, equity, credit and derivatives markets in order to holistically manage the firm’s risks.

What's a typical day like?

Each day is different at AQR. That’s because there are always new questions to tackle, and fresh opportunities to work together.  But don’t take our word for it.

Yanping Liao

Vice President, Managed Futures Software Developer
M.S. Stanford
B.S. Peking University

I’m working on a new platform that will allow one of our largest funds to re-imagine how we think about research problems and portfolio management. We settled on using Scala for backend processing, Python for research and AWS for expanded compute/storage. The core challenge is building a system that allows for a high degree of flexibility with the precision needed in managing multibillion-dollar portfolios.

Dan Villalon

Managing Director, Portfolio Solutions Group
M.B.A. University of Chicago
B.A. Pomona College

This week we’re writing an article for Institutional Investor magazine — a special issue on defined contribution, or 401(k), investing. Our piece argues that standard “diversified” retirement portfolios aren’t nearly as well-diversified as they appear to be. Because stocks are generally much more volatile than bonds, they account for the vast majority of portfolio risk. We advocate allocating a portion of that risk to a 'risk-parity' strategy, a key concept here at AQR.

Iwan Djanali

Vice President, Client Strategies
M.B.A. Harvard Business School
B.A. Wesleyan

I’m currently working with a large public pension plan to onboard a new equity investment. Delivering a seamless onboarding experience is crucial in giving a good first impression for new clients and maintaining trust for existing clients. It requires close coordination across the client, custodian, counterparties, and various internal teams, including portfolio management, operations, legal, and compliance. This week, I spoke daily with the client to share progress updates on their portfolio transition, and together we determined a target date that would work best for all parties.

More than just a job

We spark creativity and self-discovery through an array of programs and experiences.

Networking

Our employee-led diversity networks include our Women’s Initiative, Asian Community Forum, ESG and LGBTQ networks. AQR also offers several sports clubs and teams for employees to join in together, including basketball, soccer, volleyball and cricket.

Wellness

AQR offers best-in-class benefits for employees and numerous perks, like meal and gym allowances, mindfulness programs and Health and Wellness events.

Family & Fun

From annual chess tournaments and trips to the Chelsea Piers sports complex, to the long-standing traditions of the AQR Kids Halloween Party and AQR Summer Camp, we offer unique experiences that bring the AQR community together.

Volunteer Opportunities

We partner with local organizations to assist those who need help most in the communities where we live and work. Our employees volunteer together at local food banks and community programs.

Quanta Academy

We evolve as a firm when we inspire and challenge our people. QU∀NTA Academy is our professional and personal growth program that puts our passion for lifelong education into action. Every year, we offer hundreds of QU∀NTA classes, events and speakers for employees at all levels. We host academic debates, explore new technologies and delve into cutting-edge research. We spark creativity and self-discovery through talks and clubs. Focusing on both IQ and EQ, our employee development programs are designed to help our people reach their full potential. QU∀NTA has three core pillars: 

Technical Skills and Knowledge

QU∀NTA's Research Colloquium series and Tech Talks keep our people at the forefront of their fields. We invite authors of published papers to explain their findings and provide insight on how to apply their research day to day. Classes on communication skills and managing client relationships help us make an impact with our investors. 

Leadership and Management

Building a vibrant career takes time and the right tools. We support our employees with professional development, from building workplace relationships to management excellence.

Personal Enrichment

Ours is a workplace where discussing literary greats like Tolstoy is encouraged, where speakers give talks on mindfulness and facilitate critical thinking on a diverse set of topics. We also offer fitness bootcamps and meditation sessions to help our employees focus on their well-being. 

 

  • 300

    Classes per year

  • 90%

    Firmwide reach

  • 30+

    External faculty members

  • 40%

    AQR faculty are senior members of the firm

Learning is a journey we embark upon together. It helps us grow as individuals and as a firm, and creates a rich culture of innovation and excellence.

David Kabiller, AQR

David G. Kabiller

University Recruiting

We're always looking for talented people

Throughout AQR’s history, our growth has been driven by exceptional recent graduates, M.B.A.s, and Ph.D. candidates. We actively recruit on campus for analysts and associates in research, business development, portfolio implementation, engineering, risk, trading, portfolio finance and operations. 

Summer Internships

AQR interns learn constantly—through daily collaboration, in workshops and classes, but mostly by working on projects that matter to the many clients we serve. Our 10-week summer program is our primary source of full-time analyst hires.

Learn more

First- and Second-Year Undergraduates

Our Early Engagement program presents an extraordinary opportunity for select freshmen and sophomores to learn about quantitative finance and meet with senior AQR leadership. These one-day workshops feature lectures, panel discussions and a networking lunch.

Learn More