The next 18 months after August 1998 were the blow-off top of the dot-com bubble, and AQR experienced a two standard-deviation event in their first year and a half, which is not desirable to experience early in a fund's history.
factualpending
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Cliff AsnessEvidence Quote
“It was a two standard deviation event. But you don't wanna have a two standard deviation event in your first year and a half in, in business.”
Created: 8/12/2026, 6:23:51 PM
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