14 Facts About Cliff Asness

Clifford Scott Asness is an American hedge fund manager and the co-founder of AQR Capital Management.

Cliff Asness's family moved to Roslyn Heights, New York, when he was four.

Cliff Asness attended the B'nai B'rith Perlman Camp, and graduated from Herricks High School.

In 1989, Cliff Asness enrolled at the University of Chicago Booth School of Business, where he received his MBA with high honors in 1991, and his PhD in finance in 1994.

Cliff Asness asserted that profits consistently beating market averages were attainable by exploiting both value and momentum.

Cliff Asness started his career in 1990, when he was 24 and still a PhD student.

Cliff Asness worked as GSAM manager until 1997, when he and some members of the GSAM team left to start their own quantitative hedge fund.

In 1995, Cliff Asness persuaded a few partners at Goldman to provide him with an initial US$10-million investment to employ the computer-driven models that his team had developed, to invest in the market.

Cliff Asness was featured in Scott Patterson's 2010 publication, The Quants, along with Aaron Brown from AQR Capital Management, Ken Griffin from Chicago's Citadel LLC, James Simons from Renaissance Technologies, and Boaz Weinstein from Deutsche Bank.

Cliff Asness has frequently spoken out against high hedge fund fees.

Cliff Asness was known as an outspoken critic of US president Barack Obama.

In 2013, Asness was a signatory to an amicus curiae brief submitted to the US Supreme Court in support of same-sex marriage during the Hollingsworth v Perry case.

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

Cliff Asness sold his Miami Beach penthouse for $22 million in July 2020, after purchasing it from businessman Boris Jordan in May 2018.