Politics & Regulation

Cliff Asness: enterprise value tax is "pernicious" and "economically destructive"


The AQR founder slams the potential for carried interest-related tax changes in a WSJ op-ed.


 Cliff Asness (Photo: Bloomberg)

Never shy to voice his discontent with Washington--and Democrats in particular--Cliff Asness is getting ahead of another political tax debate.

The libertarian-leaning AQR Capital Management founder and his chief risk officer, Aaron Brown, argued in a Wall Street Journal op-ed on Monday that attaching the so-called enterprise value tax to a change in carried interest treatment would be "pernicious and economically destructive." It's not the first time he's raised the issue, having previously discussed it at the 2011 Delivering Alpha conference.

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