A Tax Strategy So Aggressive It Built the World's Largest Hedge Fund and Made Losing Money the Hottest Product on Wall Street
Cliff Asness spent three decades irritated by a math problem: rich people were losing more to the IRS than they were gaining from their stock pickers. Then he
Cliff Asness spent three decades irritated by a math problem: rich people were losing more to the IRS than they were gaining from their stock pickers. Then he sold them a fund that manufactures losses on purpose. That is how AQR Capital Management be... [5340 chars]