Asness, co-founder and managing principal of AQR Investment Management in Greenwich, Conn., also is one of the industry's smartest and most successful quantitative hedge fund managers. His clients include big pension funds as well as retail investors.
A pioneer in quantitative investment management and multi-asset trading, Asness earned a Ph.D. from the University of Chicago. He survived the market crashes of 2007 and 2008 and evolved his strategies, and he has made a strong comeback.
As one of the first pure quant hedge fund managers, AQR (Applied Quantitative Research) uses algorithms and computerized models to trade stocks, bonds, currencies and commodities, and has been an early believer in diversification.
In the video below he discusses the challenges that giant pension funds have in meeting future obligations: