AQR Capital Management
 |
|
| Limited liability corporation | |
| Industry | Investment management |
| Founded | January 1998 |
| Headquarters | Greenwich, Connecticut, United States |
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Area served
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Worldwide |
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Key people
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Cliff Asness, Ph.D. Founding & Managing Principal David Kabiller, CFA Founding Principal John Liew, Ph.D. Founding Principal |
| AUM | $175.2 billion (as of December 31, 2016) |
|
Number of employees
|
764 |
| Website | www.aqr.com |
AQR Capital Management (Applied Quantitative Research) is a global investment management firm based in Greenwich, Connecticut, United States. The firm, which was founded in 1998 by Cliff Asness, David Kabiller, John Liew and Robert Krail, offers a variety of quantitatively driven alternative and traditional investment vehicles to both institutional clients and financial advisors.
As of December 31, 2016, the firm has $175.2 billion in assets under management.
AQR employs a research-based “systematic and consistent approach” to portfolio construction. This disciplined approach of identifying long-term, repeatable sources of return means “having a high conviction in the process, but not a high conviction in any particular stock.” The firm is a strong proponent of diversification within portfolios, as well as adding strategies with low correlation to traditional asset classes as a complement to existing portfolios. AQR is a leader in investor and advisor education, often sharing insight into its strategies through research, white papers and events.
AQR was an early adopter of style, or factor, investing given the strategy’s academic roots. Although the four styles — value, momentum, defensive and carry — have been well-known and used in quantitative investing for decades, they’ve gained popularity in recent years under the mantle of “Smart Beta.” AQR has long advocated for using these styles together, citing their diversifying qualities. AQR reiterated its strong belief in the strategy, but objection to the name “Smart Beta” in the 2014 article, “Smart Beta: Not New, Not Beta, Still Awesome.”
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Wikipedia