If there is extreme market concentration that reflects a bubble-like attitude where value is thrown out the window and only momentum works, that can affect which strategies work and doesn't work; however, concentration itself has not been problematic for AQR's performance to date.
causalpending
Speaker
Cliff AsnessEvidence Quote
“if it's indicative of a bubble...that can affect what works and doesn't work...it has not bugged us to date.”
Created: 8/12/2026, 6:23:51 PM
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