AQR's Path to Reconciliation

AQR was created by four Goldman Sachs alums, three of whom were college fiends at the University of Chicago. When it launched in 1998, it had over $1 billion in commitments, making it the largest hedge fund start-up at the time. So it’s perhaps not surprising that this firm, headquartered in the leafy Connecticut town of Greenwich, would flourish and grow rapidly.

AQR, which stands for Applied Quantitative Research, has grown to nearly $80 billion under management—a staggering $50 billion more