Quant Firm AQR Spots Deal of the Century in Emerging Markets
- Valuations show EM stocks at their cheapest in 25 years
- US stocks have not always been decade winners, AQR says
Cliff Asness
Photographer: Joe Buglewicz/BloombergThis article is for subscribers only.
AQR Capital Management LLC, the $95 billion firm founded by renowned quantitative investor Cliff Asness, says US dominance of equity markets is about to end, ushering in a wave of diversification that will benefit emerging markets for years to come.
The Greenwich, Connecticut-based manager of quant and hedge funds says its models show developing-nation equities offer the cheapest relative valuations since the turn of the century and will outperform the US over the next decade.