AQR Cuts 60/40 Outlook Again With ‘Depressed’ Returns Everywhere
- A balanced U.S. fund is seen earning 1.4%, down from 2.4%
- Stocks are now ‘somewhat more attractive’ relative to bonds
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As investors on Wall Street and beyond get ever-more euphoric, AQR Capital Management LLC is getting ever-more pessimistic.
The quant manager has yet again cut its return projections for major assets over the next five to 10 years across developed and emerging markets.