AQR Publications

White papers and commentaries explaining our investment strategies.

Search the Library

  1. The rationale, economic intuition, and evidence for a defensive approach to equity investing, and potential roles for portfolios.

  2. We consider one of the most significant tradeoffs investors face: leverage versus concentration.

  3. We suggest seven sources of value-added beyond the traditional view of "alpha."

  4. We think that risk-balanced diversification across well-chosen return sources is the most reliable strategic approach to achieving ambitious real return targets.

  5. Characteristics investors should look for when selecting liquid alternative strategies and how to build a broadly diversified alternatives portfolio.

  6. Characteristics investors should look for when selecting liquid alternative strategies and how to build a broadly diversified alternatives portfolio.

  7. Five alternatives to traditional tail-risk hedging. Unlike purchasing portfolio insurance, these strategies may enhance portfolio efficiency and long-term expected returns.

  8. Traditional approaches to international investing can lead to taking unintended risks. This paper examines these risks and outlines best practices in international equity investing.

  9. This market update from the spring of 2011 reviews the choices the European Central Bank must make between maintaining low inflation (which it has traditionally aimed to do) and the effects this would have on economies of peripheral European countries and the banking sector, which both were vulnerable.

  10. Risk parity strategies should be designed to adjust for changing market conditions.