Abstract
In his presentation to delegates at the <b>67th CFA Institute Annual Conference</b> in Seattle, <b>Cliff Asness</b>—Managing and Founding Principal of <b>AQR Capital Management</b>—simultaneously supported and took issue with the Efficient Market Hypothesis (EMH). In an exclusive, pre-conference interview for this <b><i>Practical Applications</i></b> report, Asness ministers to his self-diagnosed “schizophrenia” with a “modest refinement” to testing whether markets are in fact efficient.
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