AQR: The Shape of Strategy (Teaser)

For 12 straight years beginning Q4 2001, AQR Capital Management, LLC (AQR) – one of the great and legendary hedge funds of the current era – grew equity positions until peaking at 2,346 (long equity) positions by Q4 2013. Since that time, AQR’s long US equity book has found an ominously consistent plateau of about 2,050 positions. And, in what would normally seem to be a benign factoid, lie the seeds of the story for why AQR has been suffering performance challenges of late – and apparently, for the foreseeable future (according to co-founder, Cliff Asness).

Hold that thought.

More (very) soon…

By | 2020-03-01T22:17:58-05:00 February 6th, 2020|Alphacution Feed|

About the Author:

Paul Rowady is the Director of Research for Alphacution Research Conservatory, a research and strategic advisory platform uniquely focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. He is a 30-year veteran of the proprietary, quantitative and derivatives trading arenas. Contact:; Follow: @alphacution.