London Business School has received £10m ($15m) from AQR Capital to set up what the US-based hedge fund is billing as the “Davos of finance”.
Spread over ten years, the cash will be used to create an investment institute, dubbed the AQR Institute of Asset Management, within the school, which will support specialised research, fund academic prizes, and create an annual conference.
AQR, set up in 1998 by former Goldman Sachs portfolio manager Clifford Asness, will not be involved in…