Colleague Jack Otter caught up with AQR Capital Management’s Cliff Asness at Morningstar’s June conference to discuss a heady subject: The efficiency of markets.
On one side are those who believe that markets are quite efficient, whatever the short-term noise. Against this efficient-market hypothesis are most stock pickers, a number of hedge-fund managers and others who see room to exploit market quirks. The latter believe there’s opportunity for better-than-average returns and other benefits.
AQR’s Cliff Asness on the Mostly-But-Not-Always Efficient Market
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More