Cliff Asness of AQR Capital Management, an investment firm, once dubbed such obfuscation tactics " volatility laundering" .

投资公司 AQR Capital Management 的 Cliff Asness 曾将这种混淆策略称为“波动性洗钱”。

Newer quant outfits, like aqr and Two Sigma, beat humans' returns and gobbled up assets.

较新的量化机构，如 aqr 和 Two Sigma，击败了人类的回报并吞噬了资产。

AQR Capital Management, an investment firm, notes that in the 20th century the correlation between stocks and bonds was more often positive than negative.

投资公司AQR资本管理公司指出，在20世纪，股票和债券之间往往为正相关。

Most quants underperformed the markets, as well as human hedge funds, in 2020 and early 2021. aqr closed a handful of funds after persistent outflows.

在 2020 年和 2021 年初，大多数量化分析师的表现都逊于市场以及人类对冲基金。在持续资金外流后，aqr 关闭了少数基金。

AQR suggests stock-picking strategies where success has little to do with broader economic conditions, such as " long-short" equity investing (going long on one firm and short on another).

AQR建议采用几乎不依靠整体经济状况就能成功的选股策略，例如“多空”股票投资(即做多一家公司，做空另一家公司)。

One of the explanations for aqr's period of underperformance, argues Cliff Asness, the firm's co-founder, is how extreme valuations became and how long a " bubble in everything" persisted.

该公司的联合创始人克里夫·阿斯内斯 (Cliff Asness) 认为，对 aqr 业绩不佳时期的解释之一是估值变得极端以及“一切都存在泡沫” 持续了多长时间。

Modern value investing is practised by all sorts, including a number of quantitative investors such as Cliff Asness at AQR Capital Management, who crunch vast data sets to compare firms against wide and varied measures of their worth.

各类投资者都选择践行现代价值投资，包括一些量化投资者，比如AQR资本管理公司的克里夫·阿斯尼斯，这类投资者会处理大量数据集，好根据诸多价值衡量标准比较各个公司。