AQR Cuts Returns Outlook Now That Everything’s More Expensive (Bloomberg) The quants at AQR Capital Management are here again to warn investors of “soberingly low” returns. A year after their last missive, they’re even more sober. The $186 billion quantitative hedge fund this week updated its medium-term outlook for the major asset classes. The predictions are for lower annualized returns across the board compared with their projections a year earlier…