Cliff Asness — FTX, Hedge Funds and the Value Spread (EP.142)

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