By using this site you agree to the The two took to Twitter with each using unprintable words about whether it’s worth the cost to insure against extreme events, or what’s called tail-risk hedging.
In the one corner, “Black Swan” author Nassim Nicholas Taleb; in the other, Cliff Asness, the founder of AQR Capital Management. The coronavirus pandemic has proved to be a terrific time for tail-risk hedging — the CBOE Eurekahedge Tail Risk Volatility Hedge Fund Index has returned 51.47% through the end of April. “Black Swan” author Nassim Nicholas Taleb and quant investing pioneer Cliff Asness have engaged in a vitriolic Twitter dispute over the esoteric world of tail-risk hedging that descended into personal insults. The rest of Finance Twitter just pulled out the popcorn and enjoyed.
The S&P 500 value index
“Black Swan” author Nassim Nicholas Taleb and quant investing pioneer Cliff Asness have engaged in a vitriolic Twitter dispute over the esoteric world of tail-risk hedging that descended into personal insults.The spat began when Taleb sent a pair of tweets accusing the $143 billion AQR Capital Manag
To go along with Boeing’s gains, U.S. airline stocks were up about 7% on average.Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Given their propensities for public beefing, their broadly overlapping interests and their shared penchant for potshots and
Taleb criticized AQR’s performance, which Asness acknowledges but says is due to the market’s current punishment of value stocks. There’s nothing like a very public spat between two titans of the financial world.In the one corner, “Black Swan” author Nassim Nicholas Taleb; in the other, Cliff Asness, the founder of AQR Capital Management.