AQR puts academic theory into practice

Kris Devasabai
08 Aug 2013

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"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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