AQR's Asness: Equity Returns Will Be Lower Than in Past

The video discusses various investment strategies, including beta, mutual funds, and hedge funds. It highlights the trend of outflows from mutual funds and hedge funds, with a shift towards private equity. The speaker envisions a future dominated by Bogle-style and factor-based products. The risks and returns of private equity are analyzed, emphasizing the importance of real pricing over market pricing.

What are the main differences between Bogle-style indexing and factor-based investing?

How have hedge funds and mutual funds been performing in recent years according to the text?

What assumptions do institutional investors have about private equity compared to hedge funds?

Discuss the implications of liquidity in private equity investments as mentioned in the text.

What is the author's perspective on the future of equity returns?