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Hedge Fund King Cliff Asness: Go See 'Atlas Shrugged' | April 27, 2011 | 02:31 PM EDT

Cliff Asness, the managing partner of AQR Capital Management (one of the world's biggest hedge funds), has sent an email urging friends to see the film "Atlas Shrugged," the adaptation of the novel by Ayn Rand.

Much of the press about the movie gets its message wrong, Asness explains. It does not lionize business or wealth.

"The heroes are not 'businessmen' and the villains 'government'. The book and movie clearly show the heroes are liberty loving creators and the villains totalitarian thieves—and those thieves come in the form of big business crony capitalists (those who don't create but use the state's power to steal to enrich themselves) as often as government apparatchiks (and never the defenseless poor)," he writes in the post script.

(Full disclosure: I was supposed to go to a screening of 'Atlas Shrugged' last night but a last minute conflict kept me away.)

Here's the letter:

Date: Apr 27, 2011 10:58 AM

Subject: A movie recommendation: Go see Atlas Shrugged


I've sent to this distribution list essays on limited government, and wonky quant finance papers. Now a movie recommendation (that is itself kind of a mini-essay on limited government).

Go see Atlas Shrugged. I did and loved it.

The critics hate it like socialist cats in the bath. The movie's producer, a hero of mine, is close to shrugging (see link below).

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