Andy Redleaf's firm gives employees of Cliff Asness' quant shop a cash prize for work on time series momentum investing.
| Tobias Moskowitz |
(Photo: Chicago Booth)
After months of deliberation, a committee from Andy Redleaf's $2.4 billion multistrategy hedge fund firm chose a paper written by three men with AQR ties as the winner of the second annual Whitebox Prize, a $25,000 award for financial research. Tobias Moskowitz, Yao Hua Ooi and Lasse Heje Pedersen were chosen for their May 2012 paper “Time Series Momentum" in the Journal of Financial Economics.