Cliff Asness Is Still ‘Maximally Excited’ About Cheap Stocks as Fund Surges 35%
- AQR co-founder says beloved strategy can extend winning streak
- Quant investor mulls being ‘more aggressive’ on value rebound
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A cross-asset selloff for the ages is shaking the conviction of money managers the world over. Yet Cliff Asness remains steadfast in his belief that value investing can keep winning as the quant strategy notches heroic gains in a year to forget on Wall Street.
After years of underperformance, value shares remain near a historic discount to their growth counterparts, according to the co-founder of AQR Capital Management -- meaning there should be more gains to come.