Explore Cliff Asness net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Cliff Asness? Who is Cliff Asness dating now & how much money does Cliff Asness have?

Name	Cliff Asness
First Name	Cliff
Last Name	Asness
Occupation	Economist
Birthday	October 17
Birth Year	1966
Place of Birth	Queens
Home Town	New York
Birth Country	United States
Birth Sign	Libra
Full/Birth Name
Father	Not Available
Mother	Not Available
Siblings	Not Available
Spouse	Laurel Elizabeth Fraser
Children(s)	Not Available

Cliff Asness Biography

Cliff Asness is one of the most popular and richest Economist who was born on October 17, 1966 in Queens, New York, United States.

His undergraduate studies at University of Pennsylvania included a double major in which he studied computer science and finance at Jerome Fisher Program in Management and Technology (M&T). In 1988, he completed the five-year program in four years, graduating summa cum laude. Asness’s interest in finance and portfolio management began, while he worked a research assistant in the Finance Department at Wharton, and learned to use “coding computer programs” to analyze markets” and “test economic and financial theories”.

Asness started his career in 1990, when he was 24 and still a PhD student. In the early 1990s, he had left academia, to the regret of his mentor, to become manager of Goldman Sachs Asset Management’s (GSAM) “new quantitative research desk”. He invited two friends from his cohort at the University of Chicago to join him at GSAM. Together, they began “developing models to evaluate risk in currencies, bonds and entire economies.” While the “idea of factors” came from Fama and French, it was first “put into practice” in the late 1990s by Asness, according to The Economist.

Clifford Scott Asness (/ˈ æ z n ə s / ; born October 17, 1966) is an American billionaire hedge fund manager and the co-founder of AQR Capital Management.

Cliff Asness Net Worth

Net Worth: As of 2020, renowned economist Cliff Asness holds a substantial net worth of $2.6 billion. His financial worth primarily accumulates from his successful career as a hedge fund manager and co-founder of AQR Capital Management. This places him considerably high compared to many other individuals in the economist profession where the average net worth may fall well below the billion-dollar mark. However, his wealth might seem relatively typical among the most accomplished hedge fund managers who frequently command enormous profits.

Career and Financial Growth: Asness started shaping his fortune early in his career. He began as a manager for Goldman Sachs Asset Management’s quantitative research desk in the 1990s, where he developed models to evaluate risk in multiple sectors. His successful endeavors lead Goldman Sachs to publicly open his fund when initial investments reached $100 million. In 1998, Asness co-founded the quantitative hedge fund firm AQR Capital Management. His lucrative career in the finance world significantly boosted his net worth.

Source of net worth: Asness’ primary source of net worth is his strikingly successful career as an economist and hedge fund manager. His fundamental analyses and momentum trading expertise have consistently enabled him to beat market averages, providing a solid foundation of wealth. Asness also leads AQR Capital Management, reputed for its use of computer models, to generate considerable income. While specific endorsements and sponsorships indicating additional income sources are not available, his distinguished reputation in the finance world may imply other indirect revenue streams.

Personal Projects and Ventures: Outside his primary profession, Asness has aggressively endorsed lower-fee products like mutual funds that rely on computer models to replicate hedge fund returns. He is a frequent commentator on financial issues on renown platforms like CNBC, and pens critiques and personal views on financial matters from a libertarian and efficient markets viewpoint.

Philanthropy: Although not explicitly documented, given his substantial net worth and influential status, it is plausible that Asness is engaged in philanthropic initiatives. Public figures in the field of economics typically contribute to causes that foster economic growth and financial literacy.

Recent Developments: Asness, along with others, recently committed multiple millions to a newly launched multimanager hedge fund, Niche Plus. The future of his net worth will be influenced by prevailing economic conditions, especially those affecting the finance sector. Moreover, the success of his company’s strategic bets and ongoing business ventures significantly determine the future trajectory of his net worth. However, having weathered multiple financial storms, Asness’s wealth will likely continue to flourish with any successful venture or strategic shift.

Net Worth	2.6 billion USD (2020)
Salary	Under Review
Source of Income	Economist
Cars	Not Available
House	Living in own house.

Asness worked as GSAM manager until 1997, when he and some members of the GSAM team, left to start their own quant hedge fund.

In 1998 in New York, when he was 31-years old, Asness, David Kabiller, John Liew, and Robert Krail, co-founded AQR Capital Management—a “quantitative hedge fund firm”.

Ethnicity, religion & political views

Many peoples want to know what is Cliff Asness ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Cliff Asness's ethnicity is Not Known. We will update Cliff Asness's religion & political views in this article. Please check the article again after few days.

In 1995, Asness persuaded a few partners at Goldman to provide him with an initial US$10-million investment to employ the computer-driven models that his team had developed, to invest in the market.

Who is Cliff Asness Dating?

According to our records, Cliff Asness married to Laurel Elizabeth Fraser . As of January 13, 2024, Cliff Asness’s is not dating anyone.

Relationships Record: We have no records of past relationships for Cliff Asness. You may help us to build the dating records for Cliff Asness!

In 1999, Asness married Laurel Elizabeth Fraser of Seward, Nebraska, the daughter of a retired Methodist pastor. Asness has four children.

Height, Weight & Body Measurements

Cliff Asness height Not available right now. Cliff weight Not Known & body measurements will update soon.

Height	Unknown
Weight	Not Known
Body Measurements	Under Review
Eye Color	Not Available
Hair Color	Not Available
Feet/Shoe Size	Not Available

In 1994, Asness completed his PhD in finance at the University of Chicago. Asness was the Teaching Assistant (TA) for his dissertation adviser, Nobel laureate Eugene Fama Fama—who was also Asness’ mentor —and the economist, Kenneth French, who were both influential and widely-respected empirical financial economists, had established the foundations of their Fama–French three-factor model in 1992. Fama and French had contrasted value stocks with growth stocks. Since Fama and French’s inception of value stocks, “quants have designed algorithms that can scour market data” looking for “factors”.

In an unpublished 2000 paper, “Bubble Logic,” Asness criticized “nonsensical” and “unsustainable stock prices” that caused the stock market tech bubble of 1999–2000. In a special 60th anniversary edition of The Financial Analysts Journal he said that this was also the fifth anniversary of the stock bubble peak, he repeated his criticisms the tech bubble and those who claimed options should not be expensed.

Facts & Trivia

Cliff Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United States. Cliff Asness celebrates birthday on October 17 of every year.

In a co-authored 2001 article published in the Journal of Portfolio Management, the authors described how, while some hedge fund managers are skilled in picking stocks, not all use effective methods. In their 2003 publication in the Financial Analysts Journal, Arnott and Asness wrote that contrary to prevailing theory, companies that paid higher dividends, actually had higher growth in earnings. They found that low payout ratios “preceded low earnings growth.” In a 2003 Journal of Portfolio Management article, Asness said that it was a mistake to compare stock market’s P/E ratio—earnings yield—to interest rates.

How much is Cliff Asness worth?

Net worth. According to an April 2020 Forbes’ profile, Asness’ estimated net worth was $2.6 billion.

How much is AQR worth?

Investors have rushed into AQR and the firm’s assets under management now stand at $185 billion.

Who owns AQR Capital?

Firm Milestones AQR is founded by Cliff Asness, David Kabiller, Robert Krail, John Liew and 10 employees in New York City. The firm’s first product is a hedge fund.

What does AQR Capital Management do?

AQR Capital Management (Applied Quantitative Research) is a global investment management firm based in Greenwich, Connecticut, United States.

Who is the best hedge fund manager?

Jim Simons is back on top. For the fifth time in seven years, the 83-year-old founder of quant specialist Renaissance Technologies leads Institutional Investor’s Rich List, the definitive ranking of the highest-earning hedge fund managers.

You may read full biography about Cliff Asness from Wikipedia.