Cliff Asness has acknowledged that he doesn’t like managing people, and “they do not enjoy being managed by me.” Which I guess means that there are between 45 and 180 very lucky people this week.

“It’s bad here,” one AQR insider told The Post. “We’re hearing 15-20 percent of headcount getting chopped.”

Contacted Wednesday by The Post about the layoffs, a spokeswoman for the Greenwich, Conn.-based quant fund insisted the bleeding was limited to between 5 and 10 percent of its global headcount of 900.

This is AQR’s second annual “we sucked this year” set of pink slips, and AQR sucked even more last year than the one before. Assets under management are down by 20% and redemption requests are rolling in as performance suffers (not that Asness didn’t warn you about that). If this keeps up, there could be hundreds of additional people enjoying life a little bit more in the months and years ahead.

Cliff Asness’ giant hedge fund AQR is slashing staff [Thornton/N.Y. Post]

Related

brokenmonitor

I Wouldn’t Want To Be Around Cliff Asness Right Now

On the other hand, cheese and grilled goat with Mark Spitznagel sounds like fun.

IronAsness

Everyone Still Feigning Shock That Cliff Asness Gets Angry On The Internet

Why are we still doing this dance with Big Cliffy when he's the only honest hedgie online?

IronAsness

Cliff Asness REALLY Doesn't Like The New "Iron Fist" TV Show

We hope Danny Rand's magical kung-fu hand is impervious to Asness rage.

robots

AQR: Returns Are Gonna Suck For The Next Decade, Unless We Are Wrong, In Which Case They Are Gonna Really, Really Suck

Cliff Asness & co. have crunched the numbers, and they’re the equivalent of several million gallons of cold water to the face and coffee at the same time.

Not a Visium employee but could be. (Getty)

Layoffs Watch ‘18: Balyasny Asset Management

Dmitry Balyasny’s latest best idea is to can 20% of his employees.