Principal, AQR

Toby contributes to research on asset pricing and investment issues related to domestic and international strategies for AQR’s Global Alternative Premia team. He holds the Dean Takahashi Chaired Professorship in Finance at Yale University, is a research associate at the National Bureau of Economic Research, and was the Fama Family Professor of Finance at the University of Chicago Booth School of Business from 1998 to 2016. He has won numerous awards for his academic research, including the 2015 Bernstein Fabozzi/Jacobs Levy Award for the best article in The Journal of Portfolio Management. In 2007, he was awarded the Fischer Black Prize by the American Finance Association, recognizing the best financial economist under the age of 40, and the Kauffman Prize Medal for Distinguished Research in Entrepreneurship in 2012 by the Kauffman Foundation, recognizing the largest contribution to entrepreneurial research under the age of 40. His work has been cited in numerous print media, television appearances, and in a 2005 speech by former Federal Reserve Chairman Alan Greenspan. Toby earned a B.S. in industrial management/industrial engineering with honors and an M.S. in finance from Purdue University, as well as a Ph.D. in finance from the University of California at Los Angeles.