5min chapter

Alpha Exchange cover image

Daniel Villalon, Global Co-Head of Portfolio Solutions, AQR Capital Management

Alpha Exchange

CHAPTER

The Importance of Rational Efficient Markets

AQR's trend following strategy is delivering positive expected returns. It also delivers especially good returns exactly when you need them the most from a pure rational efficient market standpoint. The firm has broadened its strategies to include alternative assets, commodity markets and interest rate markets. And whenever we find something that seems to work in a lot of places as a firm, it means it can add more money to our portfolio.

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