Bloomberg – Clifford Asness, who runs AQR Capital Management LLC, one of the world’s biggest hedge funds, says fellow fund managers gouge their clients by charging exorbitant fees for just tracking the markets. He also takes a dim view of the administration of President Barack Obama, calling his economic team “Cossacks on a shtetl,” a reference to the Russian cavalrymen who sacked Jewish villages in Eastern Europe in the 19th century.
The hedge fund manager — who is both a University of Chicago Ph.D. and a Marvel comic book collector — is well known for his impolitic outbursts, Bloomberg Markets magazine reports in its November issue.
