

From AQR Quant to Founder & CIO with Brian Hurst
74 snips Jan 10, 2025
Brian Hurst, Founder and CIO of ClearAlpha, shares his journey from AQR Capital Management, where he managed over $15 billion in hedge fund assets. He discusses the evolution of investment strategies, emphasizing the shift to multi-manager approaches. Hurst highlights the importance of behavioral finance in overcoming investor underperformance and navigating the complex investment landscape. With a touch of humor, he explores the role of AI in finance and reflects on the interplay of entertainment and continuous learning in shaping effective investment strategies.
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Automating Analyst Work
- Brian Hurst's early career involved automating investment analyst tasks at DLJ using FactSet and Excel.
- This experience taught him programming and data analysis but revealed his disinterest in investment banking.
First Hire at Goldman Sachs
- Cliff Asness hired Brian Hurst at Goldman Sachs due to his combined finance and computer science background.
- Hurst's prior experience in building and selling computers proved valuable.
From Prop Trading to Hedge Fund
- At Goldman Sachs, Hurst and Asness managed a prop trading group that consistently made money.
- This success led to the launch of Goldman's first hedge fund and eventually to the founding of AQR.