Cliff Asness (born on October 17, 1966) co-founded AQR Capital Management and is a hedge fund manager.
Cliff Asness Net Worth
Cliff Asness has an estimated net worth of $1.4 billion (Last updated 2022), according to Forbes.
Cliff Asness Early Years
Asness is a Jew from Queens, New York, and the son of Carol Asness, a medical educator, and Barry Asness, Manhattan’s assistant district attorney. At age 4, he moved with his family to Roslyn Heights.
Cliff Asness Education
In addition to attending B’nai B’rith Perlman Camp, he attended Herricks High School. During his undergraduate studies at Penn, he earned a double major in finance and computer science through the Jerome Fisher Management and Technology Program (M&T). He got his PhD in finance from the University of Chicago in 1994.
Ph.D. in finance, he started AQR in 1998 after working for Goldman Sachs in quantitative research.
AQR Capital Net Worth
Cliff Asness is the co-founder of AQR Capital Management, which manages $124 billion. AQR is an acronym for Applied Quantitative Research. The firm offers a variety of products including hedge funds and mutual funds, focusing on factor-based investing.
Apparently, Asness earned $37 million in 2002 and $50 million in 2003. AQR’s headquarters relocated from New York to Greenwich, Connecticut, in 2004.