Cliff Asness is the Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, Sachs & Co.
Cliff joins the show to discuss FTX, AMC , why hedge funds aren’t hedging, the role of index funds and a whole lot more.
Important Links:
- Cliff’s Twitter - https://twitter.com/cliffordasness
- Cliff’s Blog - https://www.aqr.com/Insights/Perspectives
- AQR Capital Management - https://www.aqr.com/About-Us/OurFirm/Cliff-Asness-Bio
- Do Hedge Funds Hedge - https://www.aqr.com/Insights/Research/Journal-Article/Do-Hedge-Funds-Hedge
Show Notes:
[00:01:16] - Main Podcast
[00:02:18] - Cliff’s take on FTX and crypto
[00:11:38] - The AMC saga
[00:24:32] - HODL and the MOASS
[00:29:05] - Finding the right media format for substantive investment conversations
[00:34:36] - Thoughts on the value spread
[00:40:35] - “We don’t want a world where markets are perfect”
[00:46:38] - Hedge funds aren’t hedging
[00:53:42] - The role of index funds
[01:00:49] - Never override a model
[01:06:01] - “Study statistics and stick to your principles”
