Clifford Asness: Clifford Asness Net Worth, Biography, Age, Spouse, Children & More

About Clifford Asness

Clifford Scott Asness, an esteemed American hedge fund manager with a net worth of $2.6 billion as of April 2020, is widely acknowledged for his co-founding role at AQR Capital Management. Born into a Jewish family in Queens, New York, Asness advanced from Herricks High School to dual bachelor's degrees from the University of Pennsylvania, culminating in an MBA and a PhD in finance from the University of Chicago Booth School of Business. His career, initiated at Goldman Sachs Asset Management's quantitative research desk, led to the establishment of AQR in 1998, alongside David Kabiller, John Liew, and Robert Krail. Despite facing downturns during the financial crises in the late 2000s, AQR triumphed, emerging as a dominant force in factor-based investing. Asness, a contributor to significant academic work on financial markets, is also celebrated in popular media for his financial insights and critiques of investment industry practices. Married to Laurel Elizabeth Fraser with four children, Asness also made headlines for selling his Miami Beach penthouse for $22 million in 2020.

Born

October 17, 1966 in New York City, U.S.

Age

59 years

Source Of Wealth

Money Management

Industries

Finance & Investments

Citizenship

United States

Residence

Greenwich, Connecticut

Education

Doctorate, University of Chicago; Master of Business Administration, University of Chicago; Bachelor of Arts/Science, University of Pennsylvania, The Wharton School

Spouse

Laurel Elizabeth Fraser

Clifford Scott Asness was born in Queens, New York, to a Jewish family. He graduated from Herricks High School and went on to receive bachelor's degrees in computer science and finance from the University of Pennsylvania. Asness then earned an MBA with high honors and a PhD in finance from the University of Chicago Booth School of Business. During his time at Chicago Booth, he served as a teaching assistant to Nobel laureate Eugene Fama and economist Kenneth French.

Clifford Asness: Family

Clifford Asness is married to Laurel Elizabeth Fraser and has four children.

Clifford Asness: Career Highlights

Asness started his career at Goldman Sachs Asset Management's quantitative research desk in 1990, where he developed models to evaluate risk in currencies, bonds, and entire economies. In 1998, he co-founded AQR Capital Management with David Kabiller, John Liew, and Robert Krail. AQR suffered losses during the 2007 quant meltdown and the 2008 financial crisis, but by 2019, it had become an investment firm running one of the world's largest hedge funds. AQR currently employs factor-based investing and offers a range of products from hedge funds to mutual funds.

Clifford Asness: Companies

Clifford Asness is the co-founder and managing principal of AQR Capital Management.

Clifford Asness: Major Achievements

Asness has co-authored articles on hedge fund performance, dividend payouts, and stock market valuation. He has also found consistent value and momentum return premia across diverse markets and asset classes.

Clifford Asness: Awards & Achievements

Asness has been featured in Scott Patterson's book "The Quants" as one of the smartest investors in the world. He is also known for criticizing high hedge fund fees and regulatory capture, and is an outspoken critic of former U.S. President Barack Obama.

Clifford Asness: Personal Life & Legacy

Asness sold his Miami Beach penthouse for $22 million in 2020.

Clifford Asness: Trivia

Clifford Asness is an avid art collector and has a collection of over 1,000 works of art.

Wealth History

Timeline

Clifford Scott Asness is an American hedge fund manager and co-founder of AQR Capital Management.

April 2020

Clifford Scott Asness has an estimated net worth of $2.6 billion.

Clifford Scott Asness was born in Queens, New York, to a Jewish family.

Clifford Scott Asness graduated from Herricks High School.

Clifford Scott Asness received bachelor's degrees in computer science and finance from the University of Pennsylvania.

Clifford Scott Asness earned an MBA with high honors and a PhD in finance from the University of Chicago Booth School of Business.

Clifford Scott Asness served as teaching assistant to Nobel laureate Eugene Fama and economist Kenneth French.

1990

Clifford Scott Asness started his career at Goldman Sachs Asset Management's quantitative research desk.

Clifford Scott Asness developed models to evaluate risk in currencies, bonds, and entire economies.

1998

Clifford Scott Asness co-founded AQR Capital Management with David Kabiller, John Liew, and Robert Krail.

2007

AQR Capital Management suffered losses during the quant meltdown.

2008

AQR Capital Management suffered losses during the financial crisis.

2019

AQR Capital Management had become an investment firm running one of the world's largest hedge funds.

Clifford Scott Asness currently employs factor-based investing and offers a range of products from hedge funds to mutual funds.

Clifford Scott Asness co-authored articles on hedge fund performance, dividend payouts, and stock market valuation.

Clifford Scott Asness found consistent value and momentum return premia across diverse markets and asset classes.

Clifford Scott Asness was featured in Scott Patterson's book "The Quants" as one of the smartest investors in the world.

Clifford Scott Asness is known for criticizing high hedge fund fees and regulatory capture.

Clifford Scott Asness is an outspoken critic of U.S. President Barack Obama.

Clifford Scott Asness is married to Laurel Elizabeth Fraser and has four children.

2020

Clifford Scott Asness sold his Miami Beach penthouse for $22 million.

Clifford Asness : FAQs

What is Clifford Asness's current net worth?

Clifford Asness's current net worth is $6.28 billion.

What is Clifford Asness's current global rank among billionaires?

Clifford Asness holds the 633rd position globally among billionaires.

What is Clifford Asness's current ranking within the United States?

Clifford Asness holds the 240th position in United States.

What was the change in Clifford Asness's net worth compared to the previous year?

Clifford Asness's net worth increased by 3.34 billion dollars compared to the previous year 2025, when his net worth was 2.94 billion dollars.

What are Clifford Asness's main sources of wealth?

Clifford Asness's main source of income comes from Money Management.

In which industry does Clifford Asness primarily operate?

Clifford Asness is primarily involved in the Finance & Investments industry.

What is Clifford Asness educational background?

Clifford Asness holds a Doctorate from the University of Chicago, a Master of Business Administration from the University of Chicago and a Bachelor of Arts/Science from the University of Pennsylvania from The Wharton School.

How old is Clifford Asness?

Clifford Asness is 59 years old.

How many children does Clifford Asness have?

Clifford Asness has 4 children.

Who is Clifford Scott Asness and what is he known for?

Clifford Scott Asness is an American hedge fund manager and co-founder of AQR Capital Management, known for managing one of the world's largest hedge funds and employing factor-based investing strategies.

How did Clifford Scott Asness start his career before founding AQR Capital Management?

Before founding AQR Capital Management, Clifford Scott Asness started his career at Goldman Sachs Asset Management's quantitative research desk in 1990, where he developed models to evaluate risk in currencies, bonds, and entire economies.

What are some notable aspects of Clifford Scott Asness's personal life?

Clifford Scott Asness is married to Laurel Elizabeth Fraser, has four children, and sold his Miami Beach penthouse for $22 million in 2020.