AQR puts academic theory into practice
AQR Capital Management has built an $83.7 billion asset management business by turning academic theories into practical investment products. It runs systematic versions of nine liquid hedge fund strategies
"Those who can't, do research," goes the adage, a twist on George Bernard Shaw's famous quip on the failures of academia.
The founders of AQR Capital Management - Cliff Asness, David Kabiller, Robert Krail and John Liew - beg to differ.
Asness, Krail and Liew toiled away in the ivory towers of academia before putting their theories into practice with phenomenal results in the trenches of Goldman Sachs' proprietary trading division.
Even now AQR sees the academic world as a hotbed for ideas that
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