Wednesday, May 6, 2009

Meet President Obama's Newest Opponent, Clifford Asness

Keyword: cliff asness

In addition to his gifts of oratory and political acumen, President Obama has often been gifted with amazing good luck. Of course, it is often said that one makes his own luck, but even the president's aides concede that his rapid ascent from the state legislature to the White House was cleared by fate and good fortune.

These days, that luck may be most apparent in the president's political opponents, by which I'm referring to not just the current disarray of the Republican Party, but those voices who rise above the din to emerge as Mr. Obama's critics.

Which brings us to money manager Cliff Asness of AQR Capital Management whose angry letter -- "Unafraid in Greenwich, Connecticut" -- has emerged today in the conservative and media worlds as a harsh critique of the president's attack last week on hedge fund owners refusing to go along with his administration's plans for Chrysler.

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