Quant Pioneer Cliff Asness Says It’s ‘Too Early to Gloat’ as Value Stocks Rally 

  • Quant pioneer sees historic valuation spreads supporting trade
  • AQR’s Absolute Return fund posted best five-day gain on record
Cliff AsnessPhotographer: Chris Goodney/Bloomberg
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Cliff Asness is fighting the urge to say “I told you so.”

As Wall Street prepares for a new era of tighter monetary policy, the co-founder of AQR Capital Management is riding a historic comeback in his beloved value trade.