Clifff Asness, AQR—"Risk Parity Derangement Syndrome"And while it is always worthwhile seeing what one of the uberquants is thinking, in this case I should have pointed out that AQR runs a sizable risk parity fund, that AQR has been, in some quarters, assigned a bit of responsibility for adding to the downward pressure on equities, and that AQR's fund is getting rocked along with the rest of the cohort:
All of which , taken together may contribute to the somewhat crabby tone—he used the "P" word: Poppycock—in Mr. Asness' post and which, to provide some context, should be known by our readers.
Sorry for the omission.
The chart above is from ZeroHedge, also earlier today.
Now, I'll let you in on a secret.
It has been a dream of mine to convince Mr. Asness to merge his blogging efforts with those of Bill Gate's Gates Notes empire, resulting in: Cliff's Notes and, well, et voilà !