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Quant giant AQR has lost more than a third of it assets since the end of 2017.
A report prepared by Callan states the firm s AUM dropped from $224 billion to $140 billion.
Since last summer though, the firm has seen banner performances from several funds.
Quants had a tough 2020, but Cliff Asness AQR has been struggling longer than that owing to a long drought for its value-focused strategies. But a person close to the firm said the money manager is turning things around this year.