February 28 – AQR Managing and Founding Principal Cliff Asness was named the 2019 Financial Engineer of the Year by The International Association for Quantitative Finance (IAQF) and Northfield Information Services, recognizing his contributions to the advancement of quantitative finance. He joins a prestigious list of past award recipients that includes Jim Simons, Robert Engle and Fischer Black.
Cliff was presented with the honor at the IAQF/Northfield Award Gala Dinner on February 27 by Martin Leibowitz, Managing Director and Vice Chairman of Research at Morgan Stanley.
Annual nominations for the award are submitted by a nominating committee of approximately 50 people, consisting of all the IAQF governing boards, which are reviewed in a three-step process. The final round consists solely of the senior fellows and was chaired by Dr. Michael Brennan, an IAQF senior fellow and 2017 FEOY award winner.
Northfield President Dan DiBartolomeo said, “Cliff Asness has contributed very materially to the asset management industry in terms of the literature, but even more so by the many innovative investment techniques introduced through his firm AQR.”
Upon his acceptance of the award Cliff remarked, “It is a great honor, and quite humbling, to receive this award especially in light of the amazing prior recipients. Thank you to the IAQF for this recognition and for all their work in advancing the field of quantitative finance.”
Read the press release on the award here.