Cliff Asness Net Worth

Cliff Asness Net Worth

Cliff Asness net worth is around $2.6 billion, as of 2023.

Cliff Asness is a very famous American billionaire hedge fund manager. Moreover, he is also the co-founder of AQR Capital Management. It is a money management firm that oversees $195 billion. AQR stands for Applied Quantitative Research.

All the information about Cliff Asness age, height, weight, body measurements, and career are included in this article.

Net Worth $2.6 billion
Age 56
Date of Birth October 17, 1966
Profession Entrepreneur
Height Under Review
Weight Under Review
Nationality American
Birth Place Greenwich, Connecticut, United States

Early Life and Biography

Cliff Asness was born on October 17, 1966, in Greenwich, Connecticut, United States. He is a well-known co-founder of AQR Capital Management. In addition, he is a hedge fund manager. Basically, Ansess is a Jew from Queens, New York.

The name of his father is Carol Asness who is a medical educator, while that of his mother is Barry Asness who is Manhattan’s assistant district attorney. When he was 4 years old, his family moved to Roslyn Heights.

Education

Asness did his undergraduate program at the University of Pennsylvania. He did this with a double major like computer science and finance. This was done from Jerome Fisher Program in Management and Technology.

IN 1988, he was able to complete the five-year program in four years. His interest in finance and portfolio management was at the start of his profession. He used to work as a research assistant in the Finance Department at Wharton.

From there, he learned the use of “coding computer programs” in order to analyze markets and “test economic and financial theories”.

Cliff Asness Age, Height, Weight & Body Measurements

All the information about Cliff Asness age, height, weight & body measurements will be updated soon.

Career

In 1990, Cliff started his career at the age of 24 years. At that time, he was a Ph.D. student. In the early 1990s, he became manager of Goldman Sachs Asset Management’s (GSAM) “new quantitative research desk”.

Two friends were invited to join him at GSAM at the University of Chicago. Along with them, he started working to develop models to evaluate risk in currencies, bonds, and entire economies.

In 1985, he inspired some partners at Goldman to provide him with an initial US$10 million investment in order to employ the computer-driven models. These were employed to invest in the market.

Untill 1997, he also worked as a GSAM manager and later, left to start their own quant hedge fund. In 1998, he along with David Kabiller, John Liew, and Rober Krail co-founded AQR Capital Management which was a quantitative hedge fund firm.

They made $37 million and $50 million in 2002 and 2003 respectively. In 2004, the headquarters of AQR were moved from New York to Greenwich, Connecticut. In 2008, there were complaints about short-selling restrictions in The New York Times.

Till the end of 2010, AQR was able to have 433 billion assets under management. Moreover, an October 2010 Bloomberg article, described AQR as a “quantitative investment firm”. In the “2007 quant meltdown”, AQR suffered losses. Also, it suffered losses in the 2008 financial crisis.

IN 2016, Connecticut’s State Bond Commission gave $35 million as financial aid to AQR. The purpose was to persuade companies to remain in Connecticut. In 2019, it became an ‘investment firm’.

Forbes profile described AQR as an agency that employs “factor-based investing” and also offers products. The range of products is from hedge funds to mutual funds.

Awards and Achievements

Included in the 50 Most Influential list of Bloomberg Markets Magazine (2013).

How much is Cliff Asness net worth?

Cliff Asness net worth is around $2.6 billion, as of 2023.

The major source of his income comes from his career as the co-founder of AQR Capital Management. It is a management firm that oversees $195 billion. Moreover, it also focuses on factor-based investing.

Personal Life

Asness married Laurel Elizabeth Fraser belonging to Seward, Nebraska. She is the daughter of a retired Methodist pastor. It is known that he has four children from Fraser. They both married in 1990.

Social Profiles

Forbes See Profile
LinkedIn See Profile
Twitter See Profile
YouTube: N/A
Website: Website

FAQs (Frequently Asked Questions)

1) How much is Cliff Asness net worth?

Cliff Asness net worth is $2.6 billion.

2) Who is Cliff Asness?

Clif Asness is the co-founder of AQR Capital Management.

3) What is AQR Capital Management?

it is a management firm that oversees $195 billion. Moreover, it also focuses on factor-based investing.

4) Who are Cliff Asness parents?

Carol Asness and Barry Asness

5) Who is Cliff Asness wife?

Laurel Elizabeth Fraser whom he married in 1990.