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.
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.
