House-Flipping No More Successful These Days For Cliff Asness Than Hedge-Fund Managing

Discussion in 'Wall St. News' started by dealmaker, Aug 3, 2020.

  1. dealmaker

    dealmaker

    House-Flipping No More Successful These Days For Cliff Asness Than Hedge-Fund Managing(Deal Breaker)
    Two years ago, Cliff Asness bought himself a little beachside getaway. And we do mean little: Immediately after extensively renovating a place he’d just spent $26 million on, the AQRfounder realized that five bedrooms and 13,000 square feet in the sun simply were not enough for an investing superhero. So he put it right back on the market. Unfortunately for Asness, would-be buyers apparently shared his assessment of the place, and were not interested at the $29.5 million asking price in COVID-infested Miami Beach, nor even at Asness’ own pre-renovation price.
     
    murray t turtle, Atikon and guru like this.
  2. Atikon

    Atikon

    Reminds me of Buffet vs. March 2020 Daytraders. Just waiting for the Realtor Housewives all over america calling Asness an idiot
     
    taowave likes this.
  3. %%
    May have overpayed @ get go/don't know- the south FLA market.And he may have panic sold it; or virus may have goofed him...…………………………………………………………………………...
     
  4. Got anything to do with corona?
     
    murray t turtle likes this.
  5. %%
    Article said that city was virus infected; but the kill rate is so low /not likely @ all.
    I'm wearing a mask if the sign says to;
    unless the lady behind the plexiglass says dont worry about that....................................................................................................