Cliff Asness Says Factor Investing Has Not Performed Well
- Investors pulled $8 billion in 2018 as AQR strategies declined
- Asness says he will ‘stick like grim death’ to his beliefs
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Cliff Asness, the chief investment officer of AQR Capital Management LLC, says his trademark factor investing strategies have been disappointing.
Asness, who spoke Thursday at Morningstar Inc.’s investment conference in Chicago, is coming off a tough year in 2018 when most of its funds declined. His firm also recently reduced its headcount and has been bleeding assets.