Brown to join AQR Capital

Applied Quantitative Research Capital (AQR), a $37.5 billion Greenwich, Connecticut-based hedge fund, has hired Aaron Brown as a risk manager. Brown is due to start in his new role in late June. He joins from Morgan Stanley in New York, where he was head of credit risk architecture.

Before Morgan Stanley, Brown worked in risk management at Citigroup, Rabobank and JP Morgan, and also was head of mortgage securities, a trader, a portfolio manager and a finance professor. He also wrote The Poker Face of Wall Street, a discussion of gambling and investing, published in March 2006.

The hire is the latest in a series aimed at streamlining risk management at AQR Capital. The multi-strategy firm was founded in January 1998 by Clifford Asness and two other partners.