From the mailbag:
The exodus of employees continues at AQR. Majority of employees departing had been at AQR for a long time. Hired during the good days of the firm they were among the best there. The trader managing the mortgage book resigned. The FOSD (Front Office System Development) group lost three of its senior most members. Three senior researchers have left the stock selection team since January; three from the macro trading group. It's a mess.