Sunday, October 11, 2009

WealthTrack: Interview With Cliff Asness

Another interview from Consuelo Mack and her series on "Great Investors". This comes from Cliff Asness of AQR Capital Management.

The host and her guest discuss quantitative investing. Asness views quantitative investing as a way to be disciplined, control risk, and control costs. It doesn't tell him what to buy and sell, but following the model does make him do a lot of uncomfortable things. It holds hims to a philosophy of buying value.

Asness also discusses diversification. His funds buy broadly across multiple, liquid, and global assets. He feels that assets that work to reduce risk are under appreciated by investors, and therefore under valued and more attractive. He discusses 4 assets: equities, bonds, commodities, and credit.

This is a very straightforward interview done in August, 2009.



4 comments:

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