He's got 100-large for whoever delivers AQR the right stuff.
AQR Capital Management LLC established a $100,000 annual prize competition for academic papers in finance that “have the most significant practical implication for investors,” according to a statement by the investment management firm. The competition for the prize, called the AQR Insight Award, “seeks unpublished papers that study investment in liquid assets for both tax-exempt institutional and taxable investor portfolios,” the statement said. “Areas of focus include asset allocation, security selection, portfolio implementation, and risk management.”
“Given the huge burden of future financial obligations, it's important to have leading thinkers in analytical finance and economics focus their intelligence on methods to enhance investment performance,” David G. Kabiller, AQR founding principal and head of client strategies, said in the statement. “The AQR Insight Award has been launched in recognition of the need to promote academic research that illuminates the drivers of successful investing and that can be applied to real-world portfolios.”