Tuesday, May 05, 2009

Hedge Fund Manager Strikes Back at Obama - DealBook Blog - NYTimes.com

Wow. Hard hitting letter by Clifford S. Asness of AQR Capital Management opposing Obama's comments attacking hedge funds in the wake of the Chrysler bankruptcy. Much good. My favorite part:

Hedge Fund Manager Strikes Back at Obama - DealBook Blog - NYTimes.com:
"...it is the job and obligation of all investment managers, including hedge fund managers, to get their clients the most return they can. They are allowed to be charitable with their own money... but if they give away their clients’ money to share in the “sacrifice”, they are stealing....That’s how the system works"

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