aqr big picture on smart beta 0914

Cliff Asness Comes To Terms With Smart Beta

AQR managing and founding principal Cliff Asness has been an outspoken opponent of smart beta for years. He doesn’t take issue the actual investment strategy, which is similar to the value oriented strategies he himself puts to use, but with the terminology, having listed it as one of his top ten pet peeves earlier this year.

“Even if it’s not the term we’d have chosen, it is . . .

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