Odd Lots

Cliff Asness Says AQR Is Exploring a Push Into Sports Betting

In the latest Odd Lots episode, the hedge fund manager said his firm is considering looking at sports betting markets but remains ‘cynical’ about the industry.

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Annika Inampudi, Tracy Alloway, and Joe Weisenthal

November 13, 2025 at 9:00 AM UTC

Cliff Asness, the billionaire co-founder and chief investment officer of AQR Capital Management, said the hedge fund is weighing an expansion into sports betting, potentially becoming the latest Wall Street firm to move into the booming business.

“This is incipient for us,” Asness said on an episode of the Odd Lots podcast recorded as part of the show’s 10-year anniversary celebrations. “We are considering and looking at it.”