Cliff Asness

Author Archive

  • Aug 9, 2022
    This adds another three months of data to the May entry in our series of value spread updates. Over the past two months, some portion of the market went temporarily (I hope) insane,...
  • May 11, 2022
    Despite the extraordinary performance of the value style in 2022 thus far (on the back of an already good 2021), the value spread has remained wide.
  • Feb 25, 2022
    Man Group recently wrote an op-ed titled “Short-selling does not count as a carbon offset.” Of course we agree it doesn’t. But the headline is quite misleading if taken to mean...
  • Feb 9, 2022
    Over these past two months, value’s returns, as we measure them, have been incredibly strong. This has killed the value spread. That is, it’s about as high as it was in the tech...