Europe’s leaders, adopting a money begets money approach, are looking to conjure a few billion dollars to juice up the continent’s economy. Perhaps they should give Cliff Asness a call. He’s always happy to weigh in on such things.
Revenues at the UK arm of AQR Capital Management surged by nearly two-thirds last year as the $113 bn US hedge and mutual fund manager's growth push in Europe began to pay off….
Profits at the unit climbed 48% from £1.6 million in 2012 to £2.4 million last year.
Show us the money: EU seeks billions of euros to revive economy [Reuters]
European push pays off for AQR [Financial News]