US-based investment management firm AQR has launched the AQR Institute of Asset Management in partnership with the London Business School.
AQR has entered into a 10-year agreement with the London Business School aimed at "advancing research and best practices in the global asset management community", according to a statement.
The new AQR Institute will provide annual grants and awards to "exemplary scholars in the field", sponsor industry events and strengthen academic ties with the global investment community, it said.
The leadership of the AQR Institute will comprise of four London Business School academics: professors of finance Francisco Gomes, Ralph Koijen and Narayan Naik; and professor of economics Hélène Rey.
"The AQR Institute’s research agenda will reflect the current and future issues pertinent to the sector, from the challenges faced by chief investment officers in portfolio construction to the global financial importance of new regulatory and economic policies," said the statement.
Sir Andrew Likierman, dean of the London Business School, said the partnership was an "exciting development" bearing in mind London's prominence in the field of investment management.
"It will be the focus for research over the long term and be a source of authoritative and independent thought and advice," Mr Likierman said.
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