AQR to Cut Up to 10% of Jobs

AQR has faced significant challenges, including a 10% workforce reduction and a 1220% asset loss last year. The asset management industry is experiencing difficulties, particularly for quant factor styles like AQR's. AQR had to lease out space in their headquarters due to these challenges. Their major funds have struggled, with a specific fund tracking value and momentum showing poor performance throughout 2019 and into 2020, resulting in job cuts.

What percentage of its workforce did AQR reduce this year?

• 5%

• 10%

• 15%

• 20%

What was the approximate value of AQR's assets after the decline?

• $150 billion

• $220 billion

• $200 billion

• $185 billion

Which factors does the $2 billion AUM fund track?

• Equity and Bonds

• Value and Momentum

• Growth and Stability

• Risk and Return

What was the return percentage for the $2 billion AUM fund in 2019?

• -12%

• -10%

• -8%

• -5%

What is the outlook for AQR at the beginning of 2020?

• Improving

• Unchanged

• Stable

• Worsening