- Filter By.
-
Topic (${ Topics.length })
-
-
Type (${ ContentTypes.length })
-
Contributor (${ Contributors.length })
- Relevance
- Newest
- Oldest
Perspective
The George Costanza Portfolio
October 22, 2018
In a follow-up to Liquid Alt Ragnarök?, Cliff shows the results of an illustrative portfolio that does the opposite of what we’d normally do in the spirit of George Costanza, who in one episode of Seinfeld decided he must, in all things, do the opposite of what he’d normally do.
Perspective
Putting Parity Performance Into Perspective
December 3, 2015
Cliff discusses the blame placed on risk parity for having caused the market’s August sell-off. Critics made a silly choice to go all tin-foil-hat instead of just doing what people usually do—attack recent performance.
Perspective
Active Share: Different Does Not Equal Better
April 10, 2015
A buzzword in the investment community these days is active share, a specific way to measure how different a portfolio is from its benchmark. But does it predict higher excess returns? Our AQR white paper, “Deactivating Active Share,” takes a look.
Perspective
Introducing “Words From the Wise” Interview Series
March 19, 2015
AQR's “Words From the Wise” interview series shares research and insights from industry leaders, giving us all the opportunity to become better investors.
Perspective
From Momentum to Marvel, a Conversation With Tyler Cowen
November 19, 2015
Cliff sat down for an interview with economist Tyler Cowen, a professor at George Mason University. Read a transcript that covers a lot of the fundmantals that Cliff believes in, like value and momentum.
Perspective
How Much Are You In For?
February 9, 2017
A recent post reminds us that what the average investor in a fund gets is different from the return of that fund, especially if they get in and out awith poor timing. That’s true and important, but there’s more to it than that.
Perspective
Please Stop Talking About the VIX So Much
July 30, 2017
It has become quite commonplace to note that the VIX (the CBOE Volatility Index) is currently very low and to worry about it. But Cliff tends to think there's less to worry about than most.
Perspective
Smart Beta: Not New, Not Beta, Still Awesome
September 10, 2014
Cliff Asness argues that the term “smart beta” (including “Fundamental Indexing”) is just a new way to describe some well-known and well-tested (yet still valuable) investment ideas.
Perspective
Introducing the New AQR S.M.O.O.T.H. Fund
February 25, 2019
Cliff offers some insights into the world of smoothed returns with a healthy dose of satire.
Perspective
The Valuesburg Address
February 27, 2020
One score and eight years ago Fama and French brought forth on this world, a new factor, conceived in either risk or behavioral effects, and dedicated to the proposition that all portfolios are not created equal. Now we are engaged in a great drawdown, testing whether investors in that factor, or any factor so conceived and so dedicated, can long endure…