Show me one factor fund. Just one that have achieved this outperformance in practice. I know Cliff Asness has become a billionaire based on these graphs. But where is the actual real world fund with real world returns?
Quant’s winter tail
- Thread starter qlai
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even if you had the returns, you wouldn’t have access to their historical stock selections
No, but we would know whether Asness has outperformed or not.
I know exactly what Jim Simmons achieved. I know exactly what Stanley Druckenmiller achieved. I have no clue what Cliff Asness has achieved except for the fact that he is a billionaire on pension portfolio managers seeking a place to put their funds other than a passive market index fund that eventually would cost them their jobs. Maybe that is the underlying wealth creation of AQR?
All of the major factors have listed ETFs and you can look at their performances (though most were listed in 2010s and are for the US markets only). For example, USMV is the minimum-volatility ETF.
Do you know what Jim Simmons has achieved? Outside of medallion, rentechs publicly available funds haven’t done that well. Medallion has but I’ve never seen returns with AUM.
Let us know when you meet AQR's minimum.
Yes, that takes a few seconds: "Renaissance's flagship Medallion fund, which is run mostly for fund employees, is famous for the best track record on Wall Street, returning more than 66 percent annualized before fees and 39 percent after fees over a 30-year span from 1988 to 2018."
https://en.wikipedia.org/wiki/Renaissance_Technologies
Now, can anyone find the performance for AQR's flagship fund?