Nov
24
Morning Agenda: Aid for Investment Funds, Billions in Profit for Madoff Investors, Facebook’s Censorship Tool
ByCliff Asness, co-founder of AQR Capital Management. His firm is set to receive $35 million in incentives from the state of Connecticut. CreditChris Goodney/Bloomberg
The billionaire investor Cliff Asness is a staunch libertarian who is very much against government intervention.
Except, perhaps, when the government intervention involves $35 million going to his firm, AQR Capital Management.
The funds from the Connecticut state government are part of efforts to persuade companies not to leave the state and includes loans and grants tied to conditions for jobs to be created…