AQR Principal Antti Ilmanen was among a small group of academicians invited to speak at a two-day financial history workshop at Cambridge University on July 23 and 24.
In his talk, Ilmanen made a case for time-varying expected returns on asset classes and explained why it is very difficult to take advantage of tactical predictability. He also discussed the efficacy of style premia.
The workshop was cosponsored by the Judge Business School at Cambridge and CFA Institute. A collection of the presenters’ speeches will be compiled into a book scheduled to be published in 2016.