Even professional quant managers unconsciously chase performance by using past performance to select factors for multifactor portfolios, which is a 'backdoor form of performance chasing' in a group that thinks they don't chase performance.
factualpending
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Unidentified Speaker — Liz Ann Sonders, Cliff Asness, Mike Green and 40+ Others Sh… [tqX-0CL1yms]Evidence Quote
“even the quant community chases performance... it's a form of backdoor form of performance chasing in a group that uh thinks they don't chase performance”
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Liz Ann Sonders, Cliff Asness, Mike Green and 40+ Others Share Their Most Important Lesson— Excess ReturnsCreated: 8/11/2026, 6:46:49 AM
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