Paul Ryan? He’s a Wine-Sipping Elitist Who Hangs Out with Hedge Fund Managers

Mitt Romney’s VP pick Paul Ryan is a wine-sipping elitist who hangs out with hedge fund managers… and there’s nothing wrong with that. Last year Paul Ryan was seen at an expensive Washington, DC restaurant drinking two bottles of $350-bottle wine with outspoken hedge fund manager Cliff Asness and University of Chicago professor John Cochrane.

Cliff Asness is the founder of AQR Capital, a quantitative hedge fund managing around $30 billion in assets. Cliff Asness is probably a billionaire and he is a huge supporter of the free enterprise system. Interestingly he supported Obama during the 2008 elections probably because Republicans’ free enterprise system brought Asness’ hedge fund to the brink of collapse. AQR’s flagship Absolute Return fund lost more than 50% in 2007 and 2008….

http://www.insidermonkey.com/blog/paul-ryan-is-a-wine-sipping-elitist-who-hangs-out-with-hedge-fund-managers-16395/