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 Clifton's perspective on the firm's strategy problems?

How did the performance of the firm's strategies compare to the market?

What challenges did the firm face regarding job cuts and headcount?

What factors contributed to the decline in the firm's headcount?

What does the future hold for AQR based on the current trends?