Justina Lee

3 days ago | news.bloombergtax.com | Sonali Basak |Justina Lee

Years of speculative excess are giving way to healthier markets where fundamentals now matter, boosting quant stock-picking strategies across the board, according to AQR Capital Management’s Cliff Asness. While tariff-induced volatility has whipsawed the S&P 500 Index and hedge funds alike, it’s been a boon for quant approaches that go long and short across hundreds of stocks. Among the winners, the AQR Equity Market Neutral Fund has returned roughly 15% this year, data compiled by Bloomberg show.

3 days ago | bloomberg.com | Sonali Basak |Justina Lee

Cliff Asness, chief investment officer of AQR Capital Management LLC, during the Bloomberg Invest event in New York, US, on Tuesday, June 25, 2024. The conference invites leaders in asset management, banking, wealth, and private markets to track, dissect, and predict the future's greatest changes, risks and opportunities.

3 days ago | news.bloomberglaw.com | Sonali Basak |Justina Lee

Years of speculative excess are giving way to healthier markets where fundamentals now matter, boosting quant stock-picking strategies across the board, according to AQR Capital Management’s Cliff Asness. While tariff-induced volatility has whipsawed the S&P 500 Index and hedge funds alike, it’s been a boon for quant approaches that go long and short across hundreds of stocks. Among the winners, the AQR Equity Market Neutral Fund has returned roughly 15% this year, data compiled by Bloomberg show.

1 week ago | news.bloombergtax.com | Justina Lee

Malaysian conglomerate PPB Group Bhd., buoyed by resilient domestic demand, is striking an optimistic tone amid global economic uncertainties. “Household spending remained resilient, supported by favorable labor market conditions and income-related policy measures,” the company said in its earnings statement on Wednesday. The group’s film exhibition and distribution business saw a 10% revenue rise to 131 million ringgit ($30.99 million) in the first quarter compared with a year ago.

1 week ago | news.bloomberglaw.com | Justina Lee

Malaysian conglomerate PPB Group Bhd., buoyed by resilient domestic demand, is striking an optimistic tone amid global economic uncertainties. “Household spending remained resilient, supported by favorable labor market conditions and income-related policy measures,” the company said in its earnings statement on Wednesday. The group’s film exhibition and distribution business saw a 10% revenue rise to 131 million ringgit ($30.99 million) in the first quarter compared with a year ago.