Battered Hedge Fund Managers’ Syndrome
My column today looks at the abusive relationship between Barack Obama and the hedge fund industry. He keeps taking their money. They keep getting publicly tongue-lashed. Looks like the cycle has ended. Last week, non-TARP lenders objected to the UAW-pandering Chrysler deal. This week, AQR Capital Management LLC hedge fund manager Cliff Asness — at considerable risk to himself and his business — issued a striking manifesto responding to the president’s self-serving demagoguery and flagrant disregard for the rule of law. You can find Cliff’s essay and his other invauable work at Stumbling on Truth. More
No comments:
Post a Comment