Asness’s AQR Is Cutting Up to 10% of Workforce

The video discusses the challenges faced by AQR, including layoffs and headcount reductions. It highlights the firm's struggles with market performance and strategy issues, particularly in the context of intuition problems. Despite these challenges, AQR's fixed income strategy is performing well. The firm is also dealing with cost management issues and industry challenges. The video concludes with a discussion on AQR's future outlook and its evolution into a more institutional firm.

What was the approximate headcount of AQR at the end of last year?

• More than 1000

• About 900

• Less than 800

• Exactly 950

What did Clifton attribute the firm's struggles to?

• A leadership problem

• A strategy problem

• An intuition problem

• A market problem

Which strategy of AQR was performing well despite other challenges?

• Equity strategy

• Fixed income strategy

• Commodity strategy

• Real estate strategy

What financial challenges did AQR face last year?

• Decreasing fee revenue and rising costs

• Increasing fee revenue and stable costs

• Stable fee revenue and decreasing costs

• Increasing fee revenue and rising costs

How has AQR's identity changed since the late 1990s?

• It has become a technology firm

• It has remained a House of brains

• It has become more of an institutional firm

• It has become more of a retail firm