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  1. 1. www.foundationendowment.com
    www.foundationendowment.com/de - [Cached]

    Published on: 6/22/2006   Last Visited: 5/3/2007

    Cliff Asness
    ...
    Cliff Asness

    Managing Principal Cliff Asness made a splash last year when he urged managers to put their money where their mouths are. Specifically, managers should postpone the collection of performance fees until the end of the lockup period, easing the problem of a manager earning money from a performance fee one year, and then being down the next with investors locked in. In a day and age when hedge funds are--justifiably or not--known more for their hubris than anything else, Asness and AQR did their part to reverse this stereotype.

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