Clifford S. Asness

President, Founding & Managing Principal at AQR Capital Management LLC

Clifford S. Asness

Clifford S. Asness

President, Founding & Managing Principal at AQR Capital Management LLC

Overview
Career Highlights

AQR Capital Management LLC

RelSci Relationships

2516

Number of Boards

9

Birthday

1966 - New York City, NY

Age

54

Number of Awards

11

Estimated Net Worth

$3B

Contact Data
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Relationships
RelSci Relationships are individuals Clifford S. Asness likely has professional access to. A relationship does not necessarily indicate a personal connection.

Co-Founder at AQR Capital Management LLC

Relationship likelihood: Strong

Executive Officer at AQR Global Asset Allocation Institutional Fund IV LP

Relationship likelihood: Strong

Principal at AQR Capital Management LLC

Relationship likelihood: Strong

Co-Founder at AQR Capital Management LLC

Relationship likelihood: Strong

Executive Officer at AQR GAA Alphaport 500 Fund II LP

Relationship likelihood: Strong

Principal at AQR Capital Management LLC

Relationship likelihood: Strong

Executive Officer at AQR GAA Alphaport 500 Fund II LP

Relationship likelihood: Strong

Chief Compliance Officer at AQR Capital Management LLC

Relationship likelihood: Strong

Principal at AQR Capital Management LLC

Relationship likelihood: Strong

Principal at AQR Capital Management LLC

Relationship likelihood: Strong

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Clifford S. Asness
President, Founding & Managing Principal at AQR Capital Management LLC
Family Members
Spouse
Vice President at Carmel Academy

CARMEL ACADEMY IS AN EDUCATIONAL INSTITUTION THAT STRETCHES EACH CHILD'S INTELLECT AND CREATIVITY; THAT IS PASSIONATE ABOUT JEWISH IDENTITY AND VALUES; THAT IS COMMITTED TO THE BETTERMENT OF OUR WORLD AND A STRONG BOND WITH THE STATE OF ISRAEL. OUR FACULTY MODELS IT ... OUR STUDENTS LIVE IT.

Education
MBA with High Honors
Class of 1991

The University of Chicago Booth School of Business is a graduate business school located in Chicago, Illinois, at the University of Chicago. Formerly known as the University of Chicago Graduate School of Business, Chicago Booth is the second-oldest business school in the U.S., the first such school to offer an Executive MBA program, and the first to initiate a Ph.D. program in business. The school was renamed in 2008 following a $300 million endowment gift to the school by alumnus David G. Booth. The school has the third-largest endowment of any business school. The school's flagship campus is located in the Hyde Park neighborhood of Chicago on the main campus of the university. The school also maintains additional campuses in London and Asia (originally Singapore, but in July 2013 a move to Hong Kong was announced), as well as in downtown Chicago on the Magnificent Mile. In addition to conducting graduate business programs, the school conducts research in the fields of finance, economics, quantitative marketing research, and accounting. Chicago Booth is currently ranked first in the United States by Bloomberg Businessweek and first globally by the Economist.

BS in Economics, summa cum laude

The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States. It was established in 1881 through a donation of Joseph Wharton.

BS in Engineering, summa cum laude

The Moore School of Electrical Engineering at the University of Pennsylvania came into existence as a result of an endowment from Alfred Fitler Moore on June 4, 1923. It was granted to Penn's School of Electrical Engineering, located in the Towne Building. The first dean of the Moore School was Harold Pender.

PhD in Finance

The University of Chicago's Office of Investments (COI) is responsible for managing the University's investment assets, which includes overseeing the endowment to ensure that it benefits both current and future generations of the University of Chicago. COI oversees the broad investment strategy and provides input to the development of the strategic and tactical investment policies of the University & UCMC endowments, pension plans and self-insurance trust assets. Their strategy combines qualitative and quantitative analysis, seeking to achieve superior investment performance on a risk-adjusted basis.COI's approach seeks to evaluate the investment strategy as an integrated part of the operating plans of the University rather than in isolation and focuses the the University's overall success, not investment returns. The endowment is well-diversified across a variety of asset classes, including global stocks and bonds, real estate, natural resources, private equity, absolute return strategies and protection (tail-hedging strategies). Asset class exposure is achieved primarily by selecting and engaging external managers. COI manages the global macro and the overlay portfolio to ensure that the portfolio's overall positioning is compliance with the endowment's investment guidelines.COI's strategies for investing in the public markets include: Absolute Return, Private Debt, Fixed Income and Credit. and Global Equities.COI's real assets team invests globally in real estate and natural resources using outside managers. The real estate portfolio invests globally in value-added and opportunistic strategies using both private partnerships and public vehicles. The natural resources portfolio invests globally in strategies that include, but are not limited to: oil and gas exploration & production; power generation; infrastructure; timber; mining and minerals; and agriculture.

Career History
Principal
2001 - Current

CNH is a discretionary asset management firm specializing in arbitrage investments. The firm's core investment strategies include convertible arbitrage and merger arbitrage; however, they manage other arbitrage strategies including when-issued arbitrage, stub-trading arbitrage, dual-class arbitrage, and price-pressure arbitrage. CNH also manages a limited number of alternative investment strategies including, SPACs, closed-end funds, distressed securities and PIPEs. To implement their arbitrage strategies and other alternative investment strategies, the firm employs fundamental securities analysis.

President, Founding & Managing Principal
1998 - Current

AQR specializes in quantitative investment analysis and utilizes a systematic research-driven approach to managing alternative and traditional strategies. The firm's models may consider a wide breadth of factors - from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy's viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. The firm performs ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data.

Executive Officer
Tenure Unconfirmed
Boards & Committees
Member, Board of Directors
Current

The International Rescue Committee responds to the world’s worst humanitarian crises and helps people to survive and rebuild their lives. Founded in 1933 at the request of Albert Einstein, the IRC offers lifesaving care and life-changing assistance to refugees forced to flee from war or disaster. At work today in over 40 countries and in 22 U.S. cities, the IRC restores safety, dignity and hope to millions who are uprooted and struggling to endure. The IRC leads the way from harm to home.

Member, Board of Directors
Current

Part of Thomas Hannah & Associates Ltd., The Q-Group is a company headquartered in Mountsorrel, UK, that provides marketing and communication services. On 22 Mar 06 Thomas Hannah & Associates Ltd. acquired The Q-Group.

Member, Board of Trustees
Prior - 2016

The Manhattan Institute for Policy Research (renamed in 1981 from the International Center for Economic Policy Studies) is an American think tank established in New York City in 1978 by Antony Fisher and William J. Casey.

Non-Profit Donations & Grants

Learn how non-profit organizations benefit from RelSci
$25K - $50K
2012

William J. Clinton Foundation works to alleviate poverty, improve global health, strengthen economies, and protects the environment, by fostering partnerships among governments, businesses, nongovernmental organizations (NGOs) and private citizens. The foundation focuses on worldwide issues that demand urgent action, solutions, and measurable results - global climate change, HIV/AIDS in the developing world, childhood obesity & economic opportunity in the United States, and economic development in Africa and Latin America.

N/A
2010

The After-School Corporation (TASC) began in 1998 with 25 programs in New York City. It has served more than 250,000 children in New York and beyond by funding, monitoring, evaluating and supporting more than 320 after-school programs in public schools, including 269 programs that are still in operation. TASC has partnered with 146 community-based organizations since 1998, including neighborhood settlement houses and the YMCA. TASC programs receive additional support from 30 partnering colleges and cultural organizations. TASC began with a challenge grant from the Open Society Institute (OSI), which pledged $125 million, based on the condition that for every dollar OSI contributed, TASC was responsible for raising an additional three dollars. To date, TASC has leveraged more than $490 million in public and private funds. TASC's goal of sustaining after-school programs long after the OSI grant expires is now within reach, as the field of after-school has grown and flourished over the past decade.

Political Donations
$41.1K
2016

Founder at Young Guns Program

$43.8K
2016

Former Senator from New Hampshire

$244K
2015

Founder at Young Guns Program

Transactions
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AQR MRP Offshore Fund LP raised money in a private placement transaction

Details Hidden

AQR GRP EL 20 Offshore Fund Ltd. raised money in a private placement transaction

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AQR Diversified Futures Fund LP raised money in a private placement transaction

Awards & Honors
Rank #660
2017
Forbes Magazine - The World's Billionaires
2015
Bernstein Fabozzi/Jacobs Levy Award
2014
Bernstein Fabozzi/Jacobs Levy Award
Events
Speaker
New York-Northern New Jersey-Long Island, NY-NJ-PA Metropolitan Statistical Area
2013 Bloomberg Markets 50 Summit

The third annual Bloomberg Markets 50 Summit brings together the most influential people in global markets and finance. Join us as leading bankers, policymakers, economists, money managers and corporate executives appear before an elite audience of 200 investment professionals.

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