aum down, return can not beat the benchmark, many people are fired
Aqr is a sinking ship
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Many people fired. Most of them were dead weight. I'm happy to see them go.
-AQR broHow much do VP earn, all in?
What about fresh associates?Good VPs: 350-500
Good rookies: 200-275
No goods: fired
We're not hiring.Ok. But Are you sure you not hiring? You guys are hiring a stock selection research, trading researcher and you recently advertised a job on AEA...
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Many people fired. Most of them were dead weight. I'm happy to see them go.
-AQR broHow much do VP earn, all in?
What about fresh associates?Good VPs: 350-500
Good rookies: 200-275
No goods: fired
We're not hiring.Ok. But Are you sure you not hiring? You guys are hiring a stock selection research, trading researcher and you recently advertised a job on AEA...
Those are not real. We collect resumes, and might interview, but won't hire.
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Many people fired. Most of them were dead weight. I'm happy to see them go.
-AQR bro
</blockquotMany people fired. Most of them were dead weight. I'm happy to see them go.
-AQR broI'm sure if you had been on the Titanic, you would have been happy to see all the people leave on the lifeboats cause they were weighing the ship down.
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I actually attended a recruiting event by them, where they even had a PM present some slides on how they do research. It was pretty pathetic how they were banging on about their strategies being "quant", when really all they do is making guesses about which "factors" to invest in, rather than picking stocks directly.
So basically they're still using the same idea that Cliff Assness used when he started the firm in the early 80's. No surprise that they're down if they haven't realized that every dimwit can do factor investing at home with ETFs nowadays.
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its funny that aqr wants to make a change by retaining the core people that had lead to the current situation ,and NOT hiring any new blood.
Many people fired. Most of them were dead weight. I'm happy to see them go.
-AQR broHow much do VP earn, all in?
What about fresh associates?Good VPs: 350-500
Good rookies: 200-275
No goods: fired
We're not hiring.