GREENWICH, Conn.--(EON: Enhanced Online News)--Affirming our belief that testable new ideas are essential to improving long-term investing performance, AQR Capital Management, LLC (“AQR”) today began accepting submissions for its annual AQR Insight Award. Up to three unpublished research papers with significant practical investment insights will share a $100,000 prize.
Because of our roots in academia, we at AQR Capital Management read, write and appreciate academic finance papers. The papers that get our attention are those that offer original approaches to the real-word challenges our investors face. AQR Insight Award winners deliver on three challenges: What’s groundbreaking? What’s actionable? And what holds up to rigorous review?
Researchers from 23 countries entered hundreds of papers in the 2013 competition, covering topics such as asset allocation, securities valuation, portfolio construction and implementation, and risk management.
The AQR Insight Award prize money may be divided among as many as three competing entries depending on the quality of the submissions each year. Up to five finalists will be invited to present their papers in Greenwich, Connecticut, to the committee of judges. That panel consists of senior members of AQR's portfolio management team, many of whom are leading academic finance experts from universities such as Harvard, MIT, Stanford, Northwestern, NYU and the University of Chicago.
The AQR Insight Award Committee consists of Gregor M. Andrade, Ph.D.; Clifford S. Asness, Ph.D.; Andrea Frazzini, Ph.D.; Jacques A. Friedman; Marco Hanig, Ph.D.; Brian Hurst; Antti Ilmanen, Ph.D.; Ronen Israel; David G. Kabiller, CFA; Michael Katz, Ph.D.; John M. Liew, Ph.D.; Michael A. Mendelson; Mark L. Mitchell, Ph.D.; Tobias J. Moskowitz, Ph.D.; Lars N. Nielsen; Yao Hua Ooi; Lasse H. Pedersen, Ph.D.; Todd C. Pulvino, Ph.D.; and Andrew J. Sterge, Ph.D.
The 2013 AQR Insight Award winners — Martin Lettau, Ph.D., of the University of California at Berkeley’s Haas School of Business and Matteo Maggiori, Ph.D., of New York University’s Stern School of Business — also will be invited to review the papers.
Deadline for entries is January 15, 2014. More information and instructions for submitting papers online may be found at www.aqr.com/insightaward.
About the AQR Insight Award
The annual AQR Insight Award, sponsored by AQR Capital Management, recognizes and rewards important, unpublished papers that provide the most significant new practical insights for institutional investors and financial advisors. Up to three papers share a $100,000 prize.
AQR is a global investment management firm built at the nexus of financial theory and practical application. We strive to deliver concrete, long-term results by looking past market noise to identify and isolate the factors that matter most, and by developing ideas that can stand up to rigorous testing. By putting theory into practice, we have become a leader in alternative strategies and an innovator in traditional portfolio management since 1998.