Cliff Asness — FTX, Hedge Funds and the Value Spread Infinite Loops

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
Cliff’s Blog
AQR Capital Management
Do Hedge Funds Hedge?
Show Notes:

Cliff’s take on FTX and crypto
The AMC saga
HODL and the MOASS
Finding the right media format for substantive investment conversations
Thoughts on the value spread
“We don’t want a world where markets are perfect”
Hedge funds aren’t hedging
The role of index funds
Never override a model
“Study statistics and stick to your principles”
Books Mentioned:

What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time; by Jim O’Shaughnessy