Conservative Libertarian hedge funder pockets $35 million state aid package


Chris Goodney/Bloomberg

Cliff Asness, the founder of AQR Capital Management, is a hard-core libertarian who opposes big government…In 2010, he described the administration’s economic team as “Cossacks on a shtetl.” In 2015, he took to the august pages of The Wall Street Journal to moan about Obamacare, and the same year claimed that global warming isn’t the big deal some people make it out to be. In 2012, he made a cameo in a documentary called Ayn Rand & the Prophecy of Atlas Shrugged, and argued that the blame for the financial crisis rested squarely on “all-intrusive” government policies…

…You might think that, when approached by the state of Connecticut, where his firm is headquartered, about accepting a $35 million aid package he would say, “Thanks, but we‘re good. Accepting the money would violate the principles I hold near and dear. Honestly, I wouldn‘t be able to sleep at night if I took the money.” But you would be wrong

…The assistance for…AQR, which has $172 billion in assets under management, has been questioned by some, including the state comptroller, over whether the initiative actually benefits jobs in the state.

In America, Asness once more verified you can take hypocrisy to the bank.

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