Portfolio Construction

Words From the Wise: Roger Urwin on Addressing the Investment Challenge

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Words From the Wise: Roger Urwin on Addressing the Investment Challenge

This issue of AQR’s “Words from the Wise” series features an interview with Roger Urwin, global head of investment content at Willis Towers Watson.

  • We discuss with Roger how two powerful industry trends — specialization and complexity — will continue to impact the profession and markets in coming years.
  • We then turn to hear Roger’s perspectives on the past, present, and future of defined benefit and defined contribution plans. We discuss how, once again, the investment profession is at the center of a critically important issue defined by hard choices — in this case intergenerational and equality questions.
  • Roger then identifies two types of what he terms specialized beta that are potentially important to investor portfolios — systematic beta such as value and momentum, and thematic beta which focuses on areas such as sustainable investing.
  • We conclude by learning about Roger’s heroes and his career path journey.

Interview conducted on December 2, 2015. The views and opinions are that of the interviewee and are subject to change without notice. They are not necessarily the views of AQR Capital Management, LLC its affiliates, or its employees.


This material has been provided to you solely for information purposes and does not constitute an offer or solicitation of an offer, or any advice or recommendation, to purchase any securities or other financial instruments, and may not be construed as such. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.


Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Forward-looking statements are not guarantees of future results. They involve risks, uncertainties and assumptions, there can be no assurance that actual results will not differ materially from expectations. Past performance is no guarantee of future results. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from AQR.


The information contained herein is only as current as of the date indicated, and may be superseded by subsequent market events or for other reasons.


This information is not intended to, and does not relate specifically to any investment strategy or product that AQR offers. It is being provided merely to provide a framework to assist in the implementation of an investor’s own analysis and an investor’s own view on the topic discussed herein. Past performance is not a guarantee of future results. © AQR Capital Management, LLC. All rights reserved.