The Long View

Cliff Asness: ‘The Problem Was Never Beta. The Problem Was Paying Alpha Fees for Beta’


Listen Later

Today on the podcast we welcome back Cliff Asness. Cliff is the founder, managing principal, and chief investment officer at AQR Capital Management. Cliff writes often about investing and financial matters on AQR’s website and has been a prolific researcher throughout his career, with his contributions appearing in many of the leading scholarly journals, including the Journal of Portfolio Management, Financial Analyst’s Journal, the Journal of Finance, and the Journal of Financial Economics. Before co-founding AQR, Cliff was a managing director and director of quantitative research for the asset management division of Goldman Sachs. Cliff Asness, welcome back to The Long View.

Background

Bio

@CliffordAsness

Cliff Asness: Value Stocks Still Look Like a Bargain,” The Long View podcast, Morningstar.com, May 31, 2022.

Macro Forecast, Market-Timing, and Equities

2035: An Allocator Looks Back Over the Last 10 Years,” by Cliff Asness, aqr.com, Jan. 2, 2025.

(So) What If You Miss the Market’s N Best Days?” by Cliff Asness, aqr.com, June 5, 2025.

Why Not 100% Equities,” by Cliff Asness, aqr.com, Feb. 12, 2024.

Exceptional Expectations: US vs. Non-US Equities,” by Antti Ilmanen and Thomas Maloney, aqr.com, Q2 2025.

Alternative Assets and Artificial Intelligence

In Praise of High-Volatility Alternatives,” by Cliff Asness, aqr.com, Sept. 4. 2024.

Should Hedge Funds Hedge?: Why Some Alts Should Have a Beta of 1.0,” by Cliff Asness, aqr.com, March 28, 2025.

We Have ‘Surrendered More to the Machines,’ Says Quant Fund Titan Cliff Asness,” by Costas Mourselas and Amelia Pollard, ft.com, June 3, 2025.

CIO Perspectives: An Interview With Cliff Asness,” aqr.com, Sept. 1, 2024.

Other

WisdomTree

AQR Launches the AQR Fusion Mutual Fund Series,” AQR Funds News, aqr.com, June 25, 2025.

Asian Financial Crisis

...more
View all episodesView all episodes
Download on the App Store

The Long ViewBy Morningstar

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

816 ratings


More shows like The Long View

View all
WEALTHTRACK by Consuelo Mack

WEALTHTRACK

270 Listeners

Investing Insights by Morningstar

Investing Insights

493 Listeners

The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

The Retirement and IRA Show

734 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,284 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

497 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

656 Listeners

The Boldin Your Money Podcast by Steve Chen

The Boldin Your Money Podcast

182 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

584 Listeners

Sound Investing by Paul Merriman

Sound Investing

338 Listeners

Simple, but Not Easy by Morningstar

Simple, but Not Easy

83 Listeners

The Rob Berger Show by Rob Berger

The Rob Berger Show

172 Listeners

The Long Term Investor by Peter Lazaroff

The Long Term Investor

131 Listeners

Retirement Planning Education, with Andy Panko by Andy Panko

Retirement Planning Education, with Andy Panko

750 Listeners

Retire With Style by Wade Pfau & Alex Murguia

Retire With Style

168 Listeners

Big Picture In Practice by Morningstar, Ben Johnson, Julie Willoughby

Big Picture In Practice

11 Listeners

The Morning Filter by Morningstar

The Morning Filter

28 Listeners