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 actions did the company take regarding their headquarters last year?

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What was the negative return percentage for the year 2019?

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