If I were an active fund manager, I would also come up with an explanation like this to keep my investors on board.Cliff Asness’ recent essay describing his belief that markets have become less efficient over last 30 years and that periods of underperformance and out performance may be deeper and longer makes a lot of sense to me.
https://www.aqr.com/-/media/AQR/Documen ... sc_lang=en
Statistics: Posted by markus75 — Fri Jan 03, 2025 11:31 am