Finnish investment researcher with an M.Sc. from the University of Helsinki, at AQR Capital Management.
AQR Capital Management
Brevan Howard
Salomon Brothers/Citigroup
Expected Returns is the standard practitioner survey of risk premia across asset classes and styles, and it sits on top of three decades of institutional bond and multi-asset work.
3 books of their own · 8 articles · 17 appearances
The evidence on what drives returns across asset classes: risk factors and behaviour.
CFA Institute Research Foundation monograph adapting four chapters of Expected Returns.
only 'Summary of Antti Ilmanen's Investing amid Low Expected Returns' by Irb Media, a study guide
Expected Returns: An Investor's Guide to Harvesting Market Rewards | The evidence on what drives returns across asset classes: risk factors and behaviour. | 2011 | T2 | – |
Expected Returns on Major Asset Classes | CFA Institute Research Foundation monograph adapting four chapters of Expected Returns. | 2012 | – | |
| Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least | only 'Summary of Antti Ilmanen's Investing amid Low Expected Returns' by Irb Media, a study guide | 2022 | – |
| How Do Investors Form Long-Run Return Expectations? | AQR white paper (Understanding Return Expectations, Part 1) | Article | 2025 |
| How Did We Get Here? A Brief History of Expected Returns Formation | AQR white paper (Understanding Return Expectations, Part 4) | Article | 2025 |
| Equity Market Focus: Objective Expected Returns | AQR white paper (Understanding Return Expectations, Part 6) | Article | 2025 |
| How Do Factor Premia Vary Over Time? A Century of Evidence | Journal of Investment Management | Research paper | 2021 |
| Investing with Style | Journal of Investment Management | Research paper | 2015 |
| Do Financial Markets Reward Buying or Selling Insurance and Lottery Tickets? | Financial Analysts Journal | Research paper | 2012 |
| The Death of Diversification Has Been Greatly Exaggerated | The Journal of Portfolio Management | Research paper | 2012 |
| Expected Returns on Major Asset Classes | CFA Institute Research Foundation | Article | 2012 |