AQR’s Cliff Asness: ‘machine learning worries me’

Leading quant cautious on machine learning’s use with limited data

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Asness: “Machine learning worries me. We’ve been handed a H-bomb instead of an A-bomb.”

Cliff Asness, chief investment officer and founder of quantitative hedge fund AQR Capital Management, has reservations about the value of machine learning, particularly in cases where limited data is available.

Speaking at the Ritholtz Wealth Management and the Information Management Network’s Evidence-Based Investing Conference in New York on November 2, Asness said there was a clear split between the young and older generations of quants at AQR as to whether machine learning was the paradigm

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