FYI: Quantitative investment firm AQR has laid off some of its staff following a year of poor performance.
A spokesperson for the firm confirmed to Institutional Investor Wednesday that it recently cut a small percentage of its 1,025 employees.
“At AQR, we have experienced record headcount growth over the past three years, including 2018,” the company said in a statement. “Recent small reductions in headcount reflect the need to balance our workforce growth with the current needs of our business.”
Regards,
Ted
https://www.institutionalinvestor.com/article/b1cmfs6wp279hr/AQR-Cuts-Staff-After-a-Bad-Year
