Was Arrowstreet Capital Right About These 10 Finance Stocks?
In this article, we discuss the top 10 finance stock picks of Arrowstreet Capital as of the end of the third quarter of 2021 and assess their performance over the past 12 months.
Arrowstreet Capital, established in July 1999 by Bruce Clarke, Peter Rathjens, and John Campbell, is a hedge fund manager based in Massachusetts. The company provides discretionary global services to institutional clients worldwide. The firm is recognized for employing quantitative analysis in its investment approach and is known for maintaining a discreet profile despite managing a substantial amount of assets.
Peter Rathjens serves as the Chief Investment Officer at Arrowstreet in Boston, Massachusetts, holding a BA from Oberlin College and an MA from Princeton University. Bruce Clarke, the Co-Founder and Chairman of Arrowstreet Capital, oversees an institutional asset management firm with a portfolio exceeding $140 billion. Before Arrowstreet, he served as CEO at PanAgora Asset Management, starting his career in Canada and gaining international experience in the UK, Italy, and the US. Bruce holds an MBA from London Business School and a Bachelor's degree from the University of British Columbia. John Young Campbell, the Partner and Co-Head of Research at Arrowstreet Capital LP, has a notable background as President of the American Finance Association, Director of Research at PanAgora Asset Management, Inc., Professor at Princeton University, and President of the International Atlantic Economic Society. Dr. Campbell obtained his doctorate from Yale University and an undergraduate degree from the University of Oxford.
Arrowstreet Capital is a hedge fund managing assets for 143 clients with a total AUM of $171.4 billion, according to the form ADV from July 2023. The latest 13F filing for Q3 2023 disclosed $82.7 billion in managed 13F securities, showcasing a top 10 holdings concentration of 28.47%.
