Quant Pioneer Cliff Asness Says It’s ‘Too Early to Gloat’ as Value Stocks Rally
Quant pioneer sees historic valuation spreads supporting trade
AQR’s Absolute Return fund posted best five-day gain on record
https://www.bloomberg.com/news/artic...-stock-revival
https://archive.vn/SDDqn
Quote:
Cliff Asness is fighting the urge to say “I told you so.”
The firm’s $1 billion Absolute Return fund just posted the best five days in its 23-year history through Jan. 7 with a 10% gain. Yet after getting lashed by years of value underperformance, the influential quant manager knows it’s premature to declare victory.
“It’s too early to gloat... It took a while for people to hate value,” he said. “It’ll take a while for people to love value.”
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