The AQR Insight Award, sponsored by AQR Capital Management and now in its seventh year, recognizes important, unpublished papers that provide the most significant, new practical insights for tax-exempt institutional or taxable investor portfolios. Up to three papers share a $100,000 prize. Every year, we receive submissions from top academics from around the world. After a rigorous review process, we select the five best and invite the authors to present their new research at AQR.