Unafraid In Greenwich Connecticut

One of my friends emailed me the following letter from Cliff Asness, who runs quant fund AQR Capital:

http://docs.google.com/Doc?id=d2m2xj2_2fnzb3mhr

Cliff sums up his opinion in this sentense:

The hedge funds were singled out only because they are unpopular, not because they behaved any differently from any other ethical manager of other people's money. The President’s comments are backwards and libelous.

For more information about Cliff Asness follow this link:

http://www.aqrcapital.com/