Publications
Publications
- February 2022 (Revised April 2022)
- HBS Case Collection
Pushing Past the Boundaries of ESG Investing: AQR Capital Management
By: Lauren H. Cohen, Richard B. Evans, Umit G. Gurun and Quoc H. Nguyen
Abstract
Cliff Asness was facing a dilemma into how he would plunge his hedge fund into the hottest investment area worldwide—ESG Investing. Founder and managing principal of AQR—one the most storied quantitative hedge funds in the world—Asness knew anything less than a big splash was not an option. To this end, Asness was planning to launch a liquid equity long-short fund he hoped would appeal to ESG sensitive clients. Shorting was unheard of in the ESG space, but Asness knew that it could send a new, and powerful message, on carbon neutrality—and ESG weighting more broadly—that he hoped ESG investors were ready to send. He would soon find out just that…
Keywords
Citation
Cohen, Lauren H., Richard B. Evans, Umit G. Gurun, and Quoc H. Nguyen. "Pushing Past the Boundaries of ESG Investing: AQR Capital Management." Harvard Business School Case 222-058, February 2022. (Revised April 2022.)