Cliff Asness

Quick Facts

Full Name	Cliff Asness
Date Of Birth	Oct 17, 1966(1966-10-17)
Age	58
Birthplace	Queens
Country	United States
Birth City	New York
Horoscope	Libra

Cliff Asness Biography

Cliff Asness is one of the most popular and richest Economist who was born on October 17, 1966 in Queens, New York, United States.

His undergraduate studies at University of Pennsylvania included a double major in which he studied computer science and finance at Jerome Fisher Program in Management and Technology (M&T). In 1988, he completed the five- year program in four years, graduating summa cum laude. Asness’s interest in finance and portfolio management began, while he worked a research assistant in the Finance Department at Wharton, and learned to use “coding computer programs” to analyze markets” and “test economic and financial theories”.

Asness started his career in 1990, when he was 24 and still a PhD student. In the early 1990s, he had left academia, to the regret of his mentor, to become manager of Goldman Sachs Asset Management’s (GSAM) “new quantitative research desk”. He invited two friends from his cohort at the University of Chicago to join him at GSAM. Together, they began “developing models to evaluate risk in currencies, bonds and entire economies.” While the “idea of factors” came from Fama and French, it was first “put into practice” in the late 1990s by Asness, according to The Economist.

Clifford Scott Asness (/ˈ æ z n ə s / ; born October 17, 1966) is an American billionaire hedge fund manager and the co-founder of AQR Capital Management.

Cliff Asness Net Worth

Net Worth: As of 2020, renowned economist Cliff Asness holds a substantial net worth of $2.6 billion. His financial worth primarily accumulates from his successful career as a hedge fund manager and co-founder of AQR Capital Management. This places him considerably high compared to many other individuals in the economist profession where the average net worth may fall well below the billion-dollar mark. However, his wealth might seem relatively typical among the most accomplished hedge fund managers who frequently command enormous profits.

Career and Financial Growth: Asness started shaping his fortune early in his career. He began as a manager for Goldman Sachs Asset Management’s quantitative research desk in the 1990s, where he developed models to evaluate risk in multiple sectors. His successful endeavors lead Goldman Sachs to publicly open his fund when initial investments reached $100 million. In 1998, Asness co-founded the quantitative hedge fund firm AQR Capital Management. His lucrative career in the finance world significantly boosted his net worth.

Source of net worth: Asness’ primary source of net worth is his strikingly successful career as an economist and hedge fund manager. His fundamental analyses and momentum trading expertise have consistently enabled him to beat market averages, providing a solid foundation of wealth. Asness also leads AQR Capital Management, reputed for its use of computer models, to generate considerable income. While specific endorsements and sponsorships indicating additional income sources are not available, his distinguished reputation in the finance world may imply other indirect revenue streams.

Personal Projects and Ventures: Outside his primary profession, Asness has aggressively endorsed lower-fee products like mutual funds that rely on computer models to replicate hedge fund returns. He is a frequent commentator on financial issues on renown platforms like CNBC, and pens critiques and personal views on financial matters from a libertarian and efficient markets viewpoint.

Philanthropy: Although not explicitly documented, given his substantial net worth and influential status, it is plausible that Asness is engaged in philanthropic initiatives. Public figures in the field of economics typically contribute to causes that foster economic growth and financial literacy.

Recent Developments: Asness, along with others, recently committed multiple millions to a newly launched multimanager hedge fund, Niche Plus. The future of his net worth will be influenced by prevailing economic conditions, especially those affecting the finance sector. Moreover, the success of his company’s strategic bets and ongoing business ventures significantly determine the future trajectory of his net worth. However, having weathered multiple financial storms, Asness’s wealth will likely continue to flourish with any successful venture or strategic shift.

Height, Weight & Body Measurements

Cliff Asness height Not available right now. Cliff weight Not Known & body measurements will update soon.

Who is Cliff Asness Dating?

According to our records, Cliff Asness married to Laurel Elizabeth Fraser. As of January 13, 2024, Cliff Asness’s is not dating anyone.

Relationships Record : We have no records of past relationships for Cliff Asness. You may help us to build the dating records for Cliff Asness!

In 1999, Asness married Laurel Elizabeth Fraser of Seward, Nebraska, the daughter of a retired Methodist pastor. Asness has four children.

Facts & Trivia

Cliff Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United States. Cliff Asness celebrates birthday on October 17 of every year.

In a co-authored 2001 article published in the Journal of Portfolio Management, the authors described how, while some hedge fund managers are skilled in picking stocks, not all use effective methods. In their 2003 publication in the Financial Analysts Journal, Arnott and Asness wrote that contrary to prevailing theory, companies that paid higher dividends, actually had higher growth in earnings. They found that low payout ratios “preceded low earnings growth.” In a 2003 Journal of Portfolio Management article, Asness said that it was a mistake to compare stock market’s P/E ratio—earnings yield—to interest rates.

How much is Cliff Asness worth?

Net worth. According to an April 2020 Forbes’ profile, Asness’ estimated net worth was $2.6 billion.

How much is AQR worth?

Investors have rushed into AQR and the firm’s assets under management now stand at $185 billion.

Who owns AQR Capital?

Firm Milestones AQR is founded by Cliff Asness, David Kabiller, Robert Krail, John Liew and 10 employees in New York City. The firm’s first product is a hedge fund.

What does AQR Capital Management do?

AQR Capital Management (Applied Quantitative Research) is a global investment management firm based in Greenwich, Connecticut, United States.

Who is the best hedge fund manager?

Jim Simons is back on top. For the fifth time in seven years, the 83 -year-old founder of quant specialist Renaissance Technologies leads Institutional Investor’s Rich List, the definitive ranking of the highest- earning hedge fund managers.