3 ms·

FWIW, Cliff Asness disagrees with you: > we are not high-frequency traders https://www.aqr.com/Insights/Perspectives/High-Frequency-Derangement-Syndrome https

• osrec 9y ago
  I understand he does, but our definitions are different. Firstly, they are not a buy-and-hold sort of fund. Their strategy is more momentum based, and in my experience, to be good at that you need a deep understanding of HFT in current market conditions. I'm not saying they're market makers, but I will say that they employ some sub-minute strategies - to me, that is high frequency (not super high frequency, but high frequency nonetheless). Also, they seem to hire a fair few ex-HF guys in senior positions (e.g. https://nypost.com/2015/07/31/aqrs-head-of-trading-on-paid-leave-amid-probe/ https://nypost.com/2015/07/31/aqrs-head-of-trading-on-paid-l...)