AQR Alternative Thinking 1Q14

February 01, 2014
  • Contributors:

    AQR Capital Management
  • Topic:

    Asset Allocation

Alternative Thinking Quarterly

This issue of Alternative Thinking presents our capital market assumptions for major asset classes. Our primary aim is to explore justifiable frameworks for estimating multi-year expected returns, which investors may then develop or adapt according to their beliefs.

We focus on stock markets and government bonds, but also briefly discuss other assets and strategies.



  • The views and opinions expressed herein are those of the author and do not necessarily reflect the views of AQR Capital Management, LLC, its affiliates or its employees.
  • The information contained herein is only as current as of the date indicated, and may be superseded by subsequent market events or for other reasons. Neither the author nor AQR undertakes to advise you of any changes in the views expressed herein.
  • 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 no guarantee of future results.
  • Certain publications may have been written prior to the author being an employee of AQR.