AMWatch

Institutional investors underestimate risk, warns AQR

Institutional investors underestimate the risks associated with their illliquid investments, warns Principal at AQR Capital Management Daniel Villalon in a new white paper. AMWatch interviewed him on this, and whether that claim is easy for him to make, given his position at a liquid quant powerhouse.
Daniel Villalon, an AQR Principal and Global Co-Head of the Portfolio Solutions Group. | Photo: PR / AQR Capital Management
Daniel Villalon, an AQR Principal and Global Co-Head of the Portfolio Solutions Group. | Photo: PR / AQR Capital Management
by SØREN RATHLOU TOP

Expected returns on traditional assets are lower than their historical averages, yet the same can't be said for expected risks.

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