How Cliff Asness Became A Billionaire Building a Vanguard ala hedge fund
He did by focusing on systematic trading models no different than Vanguard. Remember they are considered on of the largest HFT players on the planet
Started as a quantitative hedge fund firm, AQR stands for Applied Quantitative Research….Asness has moved away from hedge funds and aggressively into lower-fee, liquid and transparent products, including mutual funds, that use computer models, often to replicate hedge fund returns.
https://www.forbes.com/sites/nathanvardi/2017/03/20/how-cliff-asness-became-a-billionaire-by-building-the-vanguard-of-hedge-funds/#5a22bd7723a4FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!