Size Matters, Says Cliff Asness, But Watch Your Junk
In the early eighties, researchers noticed that small stocks had been outperforming large stocks – for no obvious reason – for a very long time. This size premium has attracted a lot of attention and a lot of criticism over the years, raising the possibility that it may have been an arbitrage opportunity that dried up when it became well known or even just a case of data mining. But AQR Capital Management managing principle Cliff Asness says . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat