Clifford S. Asness, managing and founding principal of AQR Capital Management LLC, Greenwich, Conn., was given the 2006 James R. Vertin Award by the CFA Society of Chicago.
Mr. Asness received the award July 16 during the CFA's Financial Analysts Seminar in Evanston, Ill.
The Vertin Award is given for outstanding financial research, and was presented to Mr. Asness for such research papers as "Do Hedge Funds Hedge?" in 2001 and "Rubble Logic: Lessons Learned From the Tech Bubble" in 2004. Last year, Andrew W. Lo, Harris & Harris Group professor and director of the Massachusetts Institute of Technology Laboratory for Financial Engineering, Cambridge, Mass., won the award.
"I noticed that my name isn't on the conference evaluation form," joked Mr. Asness during his acceptance speech. "So they can't say, ‘Cliff, your research is excellent, but your acceptance speech sucked.'"