As you are likely aware, AQR has seen, how to put this, better, less ass bleeding days. But we had no idea things were this bad. Uncle Cliff is rumored to have recently sacked his secretary of ten years, and as every one knows, it’s the secretaries who hold the key to your web of lies and bullshit and deceit, and you don’t get rid of them unless you’re about to go down for the dirt nap.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
“less ass bleeding days” LOL.
Bess, you’re a poet.
Adios Quick Returns!
Adios Quick Returns!
OBABMA SAVE US!
The only way this could have been better would be as a haiku
It’s dirt nap, not dirty nap.
Hard to take a dirt nap without getting dirty, but you still get an F
I wonder if BL talks like a sailor IRL, or if it’s all just a ruse to amuse finance nerds.
“dirt nap” is right in most circumstances, but hell, if your ass is bleeding, its probably gonna be a bit “dirty” as well
It was a typo, but thanks for the concern and the unsolicited grade.
http://www.youtube.com/watch?v=k2hnw22MZwg
remember those black and white photos from the crash of 1929. It’s that bad. Can you imagine coming out of law or business school 75k to 150k in debt in this shit market?
Yes, yes we can.
http://endofesq.com/?p=507
Save me Jevus! Save us Obamamama!
“Well done-We need some secretary stories on DB”
I’m an AA for high level execs at a bank but I don’t have any stories to tell except that the job requires more skills than people realize. I can’t tell anyone what happens at our bank anyway because we’re not allowed to tell people about bank processes or decisions even after we leave the company.
Also they don’t call us “secretaries” anymore, try to remember that.
Bake me a pie.
was this secretary hot? my unemployed ass can use some play
Stop playing online solitaire and get me some coffee already.
@15?!
I am a trashman for TARP LLC and despite the NDA, non compete (and recently non-solicits) i had to sign, i still know how to anonymously scan and send the top secret trillion dollar demands from GM, GMAC, AXP, GS, SEARS, STARBUX, ZALES etc. to dealbreaker and other interested parties.
Also, dude, trashman is not the preferred nomenclature. Garbage American please.
What is wrong with you people? Why are you all so happy with other people’s pain? You’re all a bunch of misanthropic wannabes. Enjoy your squalor.
If I was a “secretary” working at the Treasury department right now I would be making copies of everything before Paulson shreds it all. Although if Summers gets the job women probably won’t be doing anything except answering phones because we’re not good a math and numbers.
And nobody here should be insulting us considering the fact that you will probably be applying for our jobs soon.
What are 1st year Associate numbers?
I guess the black box didn’t work. These guys were really smug last summer when they were down 13% at the beginning of the month and chose not to delever like some other quant funds, and they wound up close to flat by the end of the month. Apparently didn’t learn anything from that experience. They have a lot of long-only assets as well …
Just like KKR, they waited a tad too long for the IPO. Now they’re DOA.
@15 my bad. I meant sluts
#22 wins the thread
Bess, you once again have it backwards. You don’t fire the secretary who knows where the bodies are buried, you promote her and buy her a villa in the south of france. Get a real reporting job, like for the high school newspaper or even worse, the NY times.
#24 – You must be confused, this discussion is about Administrative Assistants, not your wife. I understand why you’re angry but keep your issues out of it.
Sincereley,
Administrative Assistant
23, what do you do for a living? Have you mastered “do you want fries with that” yet?
where is AQR’s assets under management now? Isn’t it in billions? So why all this DOA talk?
Must be all the bitter laid off backoffice people causing trouble here. It’s almost time for your devry classes losers. Get off your computer and go your nightschool
@24 oh you silly retarded bitch. Go make arrangements for birthday cake and order me a pen. See, this is exactly what happens when you let women out of the home.
I think they must be half of what they were last year based on the market and their returns. I would guess 15 or 20 billion.
@28,
I work for a large state pension fund. I allocate capital to alternative investments and try to avoid funds like where you work you arrogant prick.
Bess Levin, can you post a picture of yourself? My guess is you are a cross between Roseanne Barr and Hugo Chavez. But that is kind of hot actually.
surprise, surprise… back in Pulvino’s KSM days, I helped him (as an undergrad) daytrade using Bridgestation. then kabiller came to interview undergrads, talking mostly about his effing tennis scholarship… you got the feeling that everyone was just a “His Ass-ness” sycophant..
@ 33
BL is actually really hot.
Just b/c it made me laugh when I was 10 and I first heard it from my grandfather:
“Give a woman an inch, and she thinks she’s a ruler”
@23 – i LOVE the fact that you are taking confidential information and airing it anonymously on this website to make yourself look cool.
@15 – when you are done polishing my knob you can go get your shine box. Then – tighten up that bush! I didnt hire you because i wanted to see a raccoon between your legs. and another thing – the “skills” AAs need are more than people expect because we didnt realize you could chew gum and make dinner reservations at the same time.
AQR is an absolute disaster.
Their marketing mantra was “We are long the crisis”…which worked until there was a crisis
AQR is an absolute disaster.
Their marketing mantra was “We are long the crisis”…which worked until there was a crisis
I’m really fucking smart. Like 150 iq smart with street sense smart.
But I’m confused.
Can someone please explain to me why lehman brothers was one of the top corporate donors to the Obama campaign?
@33, see http://gawker.com/tag/bess-levin/
“Can someone please explain to me why lehman brothers was one of the top corporate donors to the Obama campaign?”
I believe GS was the top corporate donor to his campaign although it’s difficult to know who actually donated the most to his campaign because they refuse to give the the government the names of all their donors but that is probably a good idea considering they intentionally turned off the software that prevents credit card scams but at least the government is now insisting that McCain’s campaign provide them with the names of all their donors but not Obama because he is “special” and deserves “special” treatment – this is a “historic” election and we don’t want to ruin it by asking for the names of all his foreign donors.
I didn’t support either candidate and I don’t believe Obama is a terrorist but I’m actually starting to worry – not because he is a terrorist but because those foreign donors might try to influence his decisions and they can threaten to tell people about their campaign donations if he doesn’t do what they ask.
We invaded Iraq without justification – many people are angry at us. Our new president did business with someone who has made many trips to the middle east over the past few years and received money from Auchi to purchase the land next to his home. We have a president who won’t tell us who his donors are. His first priority right now is releasing “innocent” people from Guantanamo Bay and giving the other people fair trials.
All we can do is hope that those people only want to influence our foreign policy to make it more fair and they’re not planning anything worse than that because our government obviously isn’t going to help us.
Bess, you are a dirty, dirty girl.
@41, they haven’t released the names for a lot of the money the campaign raised because you’re not required to report donations
I realize that they’re not “required” to report the names but we just elected someone who refuses to talk about his life when he was in college, refuses to give names of people he associated with back then, won’t release his transcripts, won’t release his thesis, won’t release his complete medical records, apparently wasn’t involved with any women prior to Michelle or won’t let them talk to us and wouldn’t let reporters ask him questions unless he knew what they were. That is alot of information that we’re not allowed to have yet he wants us to have faith in him to be our leader.
I realize he isn’t “required” to release the names but I would feel better if he gave us those names anyway – just to show us that he believes all the donations are legal. He just asked us to elect him to the most powerful job in the world – I don’t think it’s asking too much to know the names of his donors. They’re asking us for billions to save the auto industry so people wouldn’y mind spending a few million to have people go through all his contributions and I realize it will take time but we’re willing to wait for it.
If it was just one thing I wouldn’t care but there are so many things with him – not talking about his life in college, not releasing transcripts or medical records, not letting anyone talk to people he knew, not telling us the names of his donors, doing business with someone who had Auchi wire him money just so he could have a fancy home.
@40 there’s no picture of bess in that article. read much?
What’s the name of Obama’s drug dealer that he talks about in his book? Has anybody heard from him?
What’s the name of Obama’s drug dealer that he talks about in his book? Has anybody heard from him?
after you come outta your dirt nap … best revenge is a BETTER job than being someone’s right hand. get yourself a 6 figure job … that’ll teach ‘em! go to http://www.iget2work.com to laugh your ass off while getting revenge! :)
after you come outta your dirt nap … best revenge is a BETTER job than being someone’s right hand. get yourself a 6 figure job … that’ll teach ‘em! go to http://www.iget2work.com to laugh your ass off while getting revenge! :)
after you come outta your dirt nap … best revenge is a BETTER job than being someone’s right hand. get yourself a 6 figure job … that’ll teach ‘em! go to http://www.iget2work.com to laugh your ass off while getting revenge! :)
after you come outta your dirt nap … best revenge is a BETTER job than being someone’s right hand. get yourself a 6 figure job … that’ll teach ‘em! go to http://www.iget2work.com to laugh your ass off while getting revenge! :)
after you come outta your dirt nap … best revenge is a BETTER job than being someone’s right hand. get yourself a 6 figure job … that’ll teach ‘em! go to http://www.iget2work.com to laugh your ass off while getting revenge! :)
shazzizle….sorry for the multiple post … i simply hit the button a few times cuz it was stalling. my bad! won’t happen again!!! :)
computer/tech industry hit hard. layoffs are already announced. The worse is to come. stock are also hit hard.
details below:
http://www.marketwarnings.com/2008/11/intc-stock-intel-earnings-will-be-below.html
Dorothy Fuck Off with your multipost spam your website is gnarly and probably so are you.
not mine. guess you’re such a jerk you don’t know what an apology is. if it was my website, i probably wouldn’t have made the mistake of hitting the button a few time. i hope the minute you make a mistake a shitload of people make fun of you and tell you to f off. your mother would not be proud of what you said to me. have a great nite and don’t have a stroke tomorrow. love to all. alljobsearch is a good engine, too. hahaha. bet you’re fuming now.
15B??? you’re dreaming. AQR would be at that level from market losses alone. divide that by 2 to account for redemptions.
Kabiller and his tennis playing days… that’s funny!!! That guy is a lying liar.
Hey AQR guys, why are you bringing in OBAMA and his bogus terrorist accusations to distract people from finding out your pathetic existence as a scam artist to pension funds? All you proud residents of greenwich. There is not a single black person in the entire front office of some 90 people. You probably wept when your boy McCain went under. Looks like more and more AQR trolls trying to defend themselves on this board. Just do the honest thing and return money back to investors before you lose more of their hard-earned retirement funds.
AQR still far better than global alpha. AQR hires the best, smartest people in all of finance.
#32, I see why the state pension funds are running out of money. Do they actually pay you to be on dealbreaker.com all day? People like you call people like me prick over the internet. To my face you would be licking my boots in fear you little worm.
Hey 58, I googled it and Cliff Asness donated to Obama early on so not sure what you are talking about. Looks like he donated to democrats and republicans alike. Do your homework son.
Full disclosure, I work for AQR for a few years now. Its been a rough time but its a great shop. We have lost a lot of money from the market this past year and some redemptions. We have about 20 billion left in assets and a loyal client base. We actually have some inflows coming into a few of our products. So, I think the moral here is the reports of our death have been greatly exaggerated. But bess, you are still hot! Ever consider modeling instead of writing because you suck at the latter.
@62, what is your definition of “a great shop?” If you’re an investment firm shouldn’t you be generating positive returns in the market? Taking investor’s money and paying out big bonuses does not exactly make it “a great shop” in most people’s eyes who do not work at AQR.
AQR is having its holiday party at Megu. If that is not a sign of strength I don’t know what is.
Laid off backoffice losers are not welcome. Stay away!
#63, nobody makes money every year. If they do they are probably doing something illegal or mismarking their books like the private equity folks. AQR has a very transparent portfolio that is marked daily. Investors here over the years have made money. AQR never claims to be able to trade over the short term. Nobody can get the short term right consistently. A year, or even 2 years is still short term to a real investor. AQR will prevail through these troubled times. Pay attention and you just might learn something.
Hey I just got a new AQR fleece and backpack. Times can’t be all bad. But I think they are cancelling the mid day hot oil massages and lap dances. Damn recession.
AQR is definitely one of top 3 hedge funds of all time, and they have by far the most difficult interview process.
@65 @67: “Top 3 hedge funds of all time”?? Let me know when they get through a market cycle and get back to me. Jim Simons is a great investor because he can manage the downside and make money on the upside. Cliff has done the latter, but not the former.
Please stop with the Obama bashing. Conservative pricks like you asked open minded people to shutup, drink the Kool Aid, and ‘support our President in time of War’ for the past 6 years.
Now that you lost big, the new President-elect, (who will also be a wartime President, by the way) is being attacked for fictional crap less thatn 2 weeks after having been elected. HYPOCRISY, MUCH??
The list of terrible things Mr. Bush has done to this democracy is too long to even begin. Let Obama do his frakking job.
Stop this ludicrous and unsubstantiated campaign of guilt by ‘fictional association’. Start asking more relevant questions, like, for example, why Mr. Bush sat for 8 minutes and did NOTHING when the country was under DIRECT ONGOING CATASTROPHIC ATTACK.
NEWS FLASH: REPUBLICANS LOST THE ELECTION. In case you hadn’t heard. We will have a New President on January 20th. He will be our leader. Support him as our President like you insisted we support Mr. Bush in the past, or revel in your hypocrisy.
Is it typical for a greenwich hedge to have their holiday party in Manhattan (see 64)? Just wonderin. The entire Greenwich thing has always seemed so inbred to me. Those places def have different vibes than the shops in Manhattan. Surprised they dain to leave to party at Megu.
Hey 65, you say for real investors 2 years is just a blink. Then why does AQR collect performance fees every quarter? Shouldn’t collect fees only when an investor withdraws? That way if he didn’t make any money you don’t make any money.
You are a fucking hypocrite. Get your shit straight. You’re one of ass-ness’s troll positing shit on dealbreaker. Go back and try to cut some losses.
70, AQR had their party at Nobu last year and it was a blowout bash with all you can eat kobe and lobster. This year they’re renting out entire Megu for a night. These guys are rock solid. Rumors of demise are just those vindictive fired losers talking junk.
Megu sounds great! I will be standing outside to see if i can snatch up a hottie who stumbles out after a night of open bar.
73 BS. If you were serious, you would have asked if it was Megu uptown or downtown.
Megu is a grazing place, so nice for a party or drinks. For a dinner for two, its a series of silly distractions followed by a huge bill. Much better places to chow down for business.
@72: if they’re so rock-solid, why did Cliff fire his secretary after a decade? Why are there big redemptions? Nice try, Burson-Marsteller.
@58 & 61,
Not only did they weep when McClown lost, but I know some people at AQR who told me that after last Tuesday (election day – for all the politically challenged), the next day they laid off about 10-15 people. Reproachful.
#71, let’s meet sometime soon. I know we would get along swell. Brave man/thing you are on the internet.
#76, why do you think Cliff fired his secretary? So you think because of so called big redemptions he fires one of the smaller salaries in the firm to pay the rent? Brilliant deduction. What if he replaces her quickly with a better secretary for the same money. Will you admit you’re wrong and feel shame?
#77, so you think AQR fired people as a result of the election? What is your point here? It was a planned reduction in force. Takes weeks minimum to get in place. But facts don’t really matter do they?
@79: What I think is: Cliff is -40% (I work with fund of funds people, this is fact). So his $30 bil is $18 bil from performance alone. If he just gets 25% of his investors wanting redemption, that is $13 billion in AUM. My understanding is that it is more than 25%.
Be that as it may, when you go from $30 to $13 billion, it is not unheard of to get rid of employees. Your secretary, some back office, some analysts, etc. I don’t know why you are defending this one so vociferously.
Try defending this one: Ask Cliff about that scale model of the house he was building in Conyers Farm. Where did it go? How about the bodyguard and the cook? I don’t see them around either. Yes, that’s right, genius, I know a lot more about your boss than just what you think.
78, you don’t have a sound retort so you want to slug it out? I will be waiting for you in the lobby of 2 Greenwich at 530pm. Don’t be late. I am the guy in a black hoodie.
Don’t forget your marketing book.
@81 – holy 30B!!! So AQR was the biggest hedge fund in the world until just recently. I would say even if their AUM goes to 13B or even 8 or 9B that is ton of fees. 2% on 10B? Sound to me like this firm is in good shape compared to most others.
What does Asness have to hide? Why does he need bodyguards? Is he an As-hole?
82 I’ll be there. Grey slacks from Richards. Slightly-jazzy shirt (blue with a a few pink stripes) that I bought in London last year – barrell cuffs, no links. Alden low vamp cordovan loafers. Light hair, a little long and a ruddy complexion from sailing last weekend.
There is no question AQR hates Obama. Go visit the firm and you see there is not a single black man working there.
83 I was about to argue that the 2% is just enough to rent BB terminals and keep the lights and phones turned on but then did the math. That may be the case in a $100 million fund, but not a whale like AQR. Nice business model. Clients really are suckers, aren’t they.
81, AQR is not just a hedge fund. A lot of their money is from long only mutual fund type assets. Don’t think they were ever the number 1 hedge fund but I get your point.
How much of that $30b was leverage, rather than actual funds under management?
AQR’s return may not have been great in last 12 months, but they only hire people of highest intellect and dedication. Give them some time and things will turn around. S&P is down 42% this year. AQR isn’t doing much worse.
Number 85, what are you talking about? My sources tell me Cliff Asness donated to obama during the primary. You are a race baiter. Is the stock market racist now because it fell off a cliff after BHO got elected? Go protest something you moron.
2% of 10B is 200mm. AQR is doing fine. It’s the clients whose asses are bleeding.
I have a friend who works at AQR and those guys seem to throw parties all the time. I don’t get the sense they’re in any danger.
The secretary who got fired was a fat old hag. They’re just bringing in a hot young number. Maybe the fired secretary was hot 10 years ago and it’s time for a lease turn in.
Hey 81, mr. FOF guy, you are only commenting on AQR’s main fund right? Its two main funds are doing very bad this year nobody will deny. But its stock slection funds are all up on the year. How come nobody likes to point out the good ones but love basking in other people’s defeats? What is wrong with you people? Can’t we all just get along?
@90, how do you explain that there is no black person working at AQR?
@89: for 2 and 20, investors want a lot more than an index fund which they can get for 35 bps.
89 As if high intellect and determination were all that it took to succeed in the investment business. Every shop is filled with people with those attributes.
@93: the size of their stock selection funds are a lot smaller than the main funds.
93, since AQR has 50 different funds it isn’t all that surprising that a few are up. But then I think you’re much better at computing the probability of something like that happening better than some real money loser like me.
Do you morons at AQR realize that you’re offending the very people who are giving you assets so you can go out and buy your yachts and Bentleys? The arrogance you guys have is just amazing. Go back and generate some positive returns for your investors for once.
#95, its a free country, for now at least, people can redeem but have elected to stay put for the most part. They are voting with their feet about the future prospects of AQR. I think a lot of these investments are overpriced but people can put their money elsewhere if they want. I personally only invest in low cost index funds. But, great financial minds have chosen to stick with AQR, that has to be a positive thing for their future I would say.
what does the stock selection fund do? I thought they were quants?
95 Before making that statement again, you should note that institutional index funds (i.e. for $5 million +) are 3-5 bp. 35 is what Vanguard charges a person with $2,500.
94, I am actually mixed race. My grandfater is african american who immigrated here from South Africa. I can tell you for a fact that you are wrong. I don’t work at AQR but have a friend who does. AQR hires a very diverse, multinational employee base. I just hate people who make race an issue. It is usually the last ditch effort of somebody without anything else to offer. I am personally offended by it.
102, I used to work at AQR and can tell you for fact that they do not have any africian american person working there other then in mail rooms. they do have many chinese and indians to do the leg work though.
I am very saddened that your feelings are hurt. Maybe you should go to a happier site like craigslist
@99, what % of current assets are under lock-up? Everyone can tell you work at AQR. Do you guys really have that much free time there?
Kabiller read posting number 98 and put up 99 to suck up to FoF and pension fund guys. Too late sucker!!!!!
Why do so many people hate AQR? For an unknown fund this is awful lot of postings. Most negative and many that are obviously posted by AQR employees. What happened there? Do they treat people like shit like they do at SAC? I see a lot of anger here.
106: because they acted in general as if they had the Revealed Truth. They were arrogant. They could barely be bothered to acknowledge you. They waved their money in your face.
Now, they are down (big), are getting redemption notices (big), and are finally wrestling with a bear market, and (for the most part) losing. It’s schadenfreude.
AQR clearly trolls around here, and tries to defend itself, but they’ve alienated a lot of people, as well as lost money for others, so now they are getting the flip side of all the adulation they once got.
Obama Sucks!!!!….just want to piss off all of you socialist ideologs reading this nonsense of a blog. He will be a disaster of huge proportion, you’ll be wishing for the Bush era after this guy is done. Suckers!!!
The biggest socialist of all is Palin. Take funds from oil companies, take funds from the lower 48, give to citizens of Alaska. Her middle name should be redistribute.
AQR really screwed a lot of people over when they tried to leave for greener pasture. There is no love from their alumni. It’s a small world and you get what you sow.
109 You’re just a loser. Shut up and enjoy the free governemnt cheese Obama will send you. Jack Ass.
109 You’re just a loser. Shut up and enjoy the free government cheese Obama will send you. Jack Ass.
28 said:
23, what do you do for a living? Have you mastered “do you want fries with that” yet?
McDonald’s was my first job when I was growing up in a small town in Midwest. From giving out fries I went onto a local state college and some 25 years after graduation I worked my way up to a senior position at a large pension fund out here in the flyover country that you Yankees laugh at. 23, I see despicable arrogance over and over from the likes of you and your hedge fund brethren. I am well off although I do not have “hedge fund money.” But all my 3 kids have spent better parts of their high school years working at minimum wage jobs learning the value of money and hard work while your kids were learning tennis and golf at summer camps up in Vermont and Maine.
I feel sick to my stomach each time I see you hedge fund guys flying in private jets wearing watches that are twice the yearly paychecks of most of our people who entrust their retirement funds to you. You fly back to your posh offices in Greenwich, light up some cigars and laugh at us pension fund folks because we are “dumb and poor.”
I knew AQR was falling of a cliff (pun intended) when you sold out to AMG. If you are not putting your own money on yourself why should anyone else. Avoiding AQR then turned out to be one of my better investment calls. We all know how horrible your performance has been.
And yes, for us real money guys browsing sites such as dealbreaker has a good amount of value. Why you ask? Angry employees are the telltale sign of a fund in trouble. This is a 100% correct signal that works every time for forecasting failing hedge funds. I have seen this time and again during the past 8 years we have been looking at hedge funds and from what it looks like AQR is in a deep you know what.
Don’t be so arrogant. Soon you might be in line to ask “how much is for supersizing?” when your fund closes in a few months.
Shut up 115 who asked you anyway. Ronald Reagan Rules! I’m also very offended by your use of the S word… you potty mouth.
GObama
Shut up 115 who asked you anyway. Ronald Reagan Rules! I’m also very offended by your use of the S word… you potty mouth.
@116: clap clap clap
120 Before you clap too hard, let me tell you how many 116′s have been softened to submission with a simple visit (on their investment manager’s dime) to the NY branch of Smith and Wollensky, or some similar place.
121, don’t forget scores.
Does anyone have this secretary’s photo?
AQR is at best a top 20 hedge fund based on AUM. It has never been top 10, not sure where some of you are pulling that out of.
AQR is at best a top 20 hedge fund based on AUM. It has never been top 10, not sure where some of you are pulling that out of.
Makes total sense. I will fax in my redemption notice now.
The individuals who comprise AQR’s workforce represent a wide range of backgrounds, interests, and areas of expertise. The company’s philosophy is to entrust each of them with significant responsibilities and the compensation to match.
The ideal candidate has a record of outstanding achievement and an enthusiasm for both economic theory and financial engineering. We look for people with a healthy respect for the markets; those who not only recognize how difficult it is to outsmart the markets’ collective wisdom, but who also embrace the challenge of doing so.
AQR offers a professional culture that is entrepreneurial and team-oriented, where those with talent and drive are offered a vast array of opportunities to hone their skills and tackle new challenges as they take on ever-greater responsibility.
We are an affirmative action/equal opportunity employer.
AQR Principal Biographies
Clifford S. Asness, Ph.D.
Managing & Founding Principal
David G. Kabiller, CFA
Founding Principal
Robert J. Krail
Founding Principal
John M. Liew, Ph.D.
Founding Principal
Bradley D. Asness
General Counsel & Principal
Gregor Andrade, Ph.D.
Principal
Jacques A. Friedman
Principal
Brian K. Hurst
Principal
Ronen Israel
Principal
Oktay Kurbanov
Principal
Stephen Mellas
Principal
Michael Mendelson
Principal
Lars Nielsen
Principal
116 i LOVE LOVE LOVE you! well said. well placed. and remember, these hedge fund guys live in upper hedgistan (greenwich, ct.) with lower hedgistan being manhattan. (that one guy who testified yesterday w/an italian last name has a room for his pet pig in his manhattan apt. )
and the rest of us just hafta slog along and look for work wherever we can find it! there are 2 websites that deal w/6 figure jobs (one called 6figure jobs, i think, and the other is the ladders). you can find all that stuff and laugh at http://www.iget2work.com
meanwhile, keep up the banter! it’s VERY amusing! thx for the laughs. oh. and people who post multiple times….it’s just cuz the response time to post is sluggish. i did it the first time and several assholes jumped down my computer and insulted me. i am sorry you got stuck like i did. mistakes happen. :)
don’t let those potty mouthed bastards grind you down!
what happened to all the comments about the Chicago professors, that they did not add value and were being used in marketing as “heads of research” but they really weren’t?
The professors hacked into the system. They have a lot of free time
AQR DIE IN HELL
Don’t scapegoat the professors. They had nothing to do with the horrible returns AQR has been having for last 3 years. They tried to help but Ass-ness will only let them work within his framework. AQR needs to rip everything out and start over. Their stuff never worked in the first place.
sometimes i dream about obama doing me in the butt!
just look at him….he’s so hot.
-obama “whore” girl
Do you know anything about a professor named Andrea Frazzini?
132, I recently heard he’s at AQR on leave from Chicago. Met him once. Smart, high-energy guy. Productive as an academic researcher.
Asness and Kabiller are not intellectual giants but mere opportunistic mortals like the rest of us. One is a quant (who came up with models that worked in the greatest bull market of all time but failed miserably in what they were supposed to do) and the other is a used car salesman. The secret to the success of their partnership lied in their ability to convince investors that they were “long the crisis”. Now that their is a crisis, it is clear that the emperor has no clothes. However, they will re-invent themselves. Guys like this have enough hubris to survive and stupid institional investors will no doubt fall for their carefully packaged academic bs once again. And even if the don’t, Cliff and Dave don’t care–you only have to fool investors once to become rich as long as you fool them big time.
133, Don’t quote me on this, but Andrea spends more of his time kissing partner butt than doing productive work. He is probably way overpaid which is why innocent people were cut
107; 113; 134 … u rock
AQR principals are some of the kindest, most generous people on the Street
@137
So ghay.
Also, why the fuck do people put math formulas on their websites as decoration? Why is that cool? It doesn’t mean shit 75% of the time — is it just to make them look smarter?
It doesn’t fucking work.
When this crisis is over, AQR will succeed. AQR has the smartest guys on the Street
@ 139: AQR has already failed! It’s over! And if they rise from the ashes, shame on their investors! Fool me once, shame on you. Fool me twice, shame on me.
@140
Fool me trice, shame on bitch-assness
What is AQR? I have never heard of it. This is not a joke. I really have never heard of it. Please tell what the hell AQR is. Thank you.
I cannot tell you what the hell AQR is either. Please google it for me and let me know, since I don’t know what they do either thanks.
Its bad enough the economy is doing bad – but its worse when these hedgefunds and administrators lose business because they are incompetent – I was just told Ophedge -an administrator out of rye brook NY – lost one of their biggest clients because they didnt know how to process their trades because apparently they were too complicated – on top of that they have let go some of their brightest people and are still holding on to their original people who in many cases are not the brightest stars in the sky – this coming from a friend who still works there – makes me think if she includes herself as one of those stars ???
boring…
The big layoff round is going to happen this week. At least 30% reduction in staff. Followed by further 10% next month.
From what I hear all the best people have already moved on from AQR. It was a turning point when their fixed income PM jumped earlier this year. He was an MIT genius who rose quickly through the ranks to run their entire fixed income book that was one of the biggest in the world. Whenever a fund is in trouble the best people are always the first to leave. Like 113 said above that is why gossips are important to keep track of in this industry. Most of it is useless junk like which HF PM is cheating on his wife (seems like 80% of HF guys have some side deal going) but some of it can give you a clear heads up on troubles around the corner.
How in the hell are these guys still having their holiday party at Megu? As an investor I feel ripped off. These guys were begging and pleading just last week about how hard and serious they are working to turn things around.
AQR will turnaround soon I guess. It hires the smartest people in all of finance.
149, I totally agree with you. How are the other smart guys doing at LTCM?
I wonder how making credit more available will help the unemployed? Can i file for bailout for my mortgage? this whole bail out is a scam to lure more people to throw good money at bad… Hey Pelosie, How do i request a bailout?
US Citizan.
144 – The client they lost is DKR OASIS – they are the only administrator that has let go of 60 people in the last year – it has no growth prospects
144 – The client they lost is DKR OASIS – they are the only administrator that has let go of 60 people in the last year – it has no growth prospects
Is DKR Oasis still in business?
Yes
DKR is still in business. They are giving 20 cent bj’s in calcutta with Shiti CEO pandit the bandit
any IDIOT unhappy with Obama can move to fukin Alaska with the only poon – Palin – you will ever get up there!
any IDIOT unhappy with Obama can move to fukin Alaska with the only poon – Palin – you will ever get up there!
Obama bashers move to freakin Alaska with Palin which is the only poon you will ever get!
Cliff Asness, a hedge fund manager who is upset with President Barack Obama’s plan for the Chrysler reorganization. Asness is upset because he says that senior creditors (including many hedge funds, although not his own) are being screwed in the deal. Cliff Asness has decided to break rank despite of people in the financial industry have been keeping mum lately. Cliff Asness, from AQR Capital, let President Obama have it, after the chief executive announced his discontentment of how hedge funds were held back from investing in Chryller LLC and with their restructing deal, while their bankruptcy negotiations were ongoing. According to Asness, the hedge funds manager has the responsibility to their clients, and granting debt relief to a company in bankruptcy isn’t among them. Which means, that he doesn’t have to invest nor participate in any deal he doesn’t think will make his clients money, and keep clients out of wanting short term loans is what Cliff Asness does for a living. For further reading click: http://personalmoneystore.com/moneyblog/2009/05/06/cliff-asness-obama-chrysler/