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  • February 2022 (Revised April 2022)
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Pushing Past the Boundaries of ESG Investing: AQR Capital Management

By: Lauren H. Cohen, Richard B. Evans, Umit G. Gurun and Quoc H. Nguyen
  • Format:Print
  • | Language:English
  • | Pages:12
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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

ESG; Hedge Fund; Investment; Equity; Green Technology

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.)
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About The Author

Lauren H. Cohen

Finance
→More Publications

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More from the Authors
  • Reclaiming the Land of Purple: Purpl’s Mission to Unlock Finance in Lebanon By: Lauren Cohen and Grace Headinger
  • In Data We Trust: Be Mobile Africa and Furthering Financial Inclusion Across the African Continent By: Lauren Cohen, Grace Headinger and Pierre Marchesseault
  • Toraya By: Lauren Cohen and Akiko Kanno
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