AQR’s Asness Joins Star Managers to Plead the Case for Value
- LSV’s Lakonishok says growth valuations are hard to justify
- The fund managers have lagged for years sticking to value
Cliff Asness, co-founder and chief investment officer of AQR Capital Management LLC
Photographer: Bloomberg/BloombergThis article is for subscribers only.
What do you get when three superstar value managers jump on a Zoom call? Self-deprecation, mutual flattery and an impassioned case for why the stock market is in a bubble.
During a webinar for clients on Wednesday, AQR Capital Management founder Cliff Asness joined Gamco Investors Inc.’s Mario Gabelli and LSV Asset Management’s Josef Lakonishok in making a plea: Don’t give up on value, and if you can, double down on it.