Hedge Fund Manager Makes the Case for Value Investing (ETFTrends.com) AQR Capital Management founder Clif Asness addressed whether value investing can work today via a blog post entitled “Is (Systematic) Value Investing Dead?” The extended bull market certainly put value investing in the rear-view mirror for investors riding the momentum of growth, which had them wondering if the tried-and-tested value investing style was on its last legs? “No, it’s not,” the blog simply said. “Quite the opposite.” “Besides just an inherent discomfort with randomness, part of the issue is confusion about why value works at all. It does not depend on getting big events or trends right. It does not depend on having perfect accounting information,” the AQR post noted.