November 4, 2025
Wall Street Billionaire Eviscerates NYC Rent-Freeze Plan as “Hydrogen Bomb”
Hedge Fund Titan Cliff Asness Calls Zohran Mamdani’s Mayoral Rent-Freeze Pledge a “Hydrogen Bomb” for New York Real Estate When a Wall Street titan describes a housing policy as a “hydrogen bomb,” it’s clear the stakes have gone far beyond ordinary campaign talk. Hedge fund billionaire Cliff Asness, a 59-year-old investor with a Forbes-estimated net worth of $2.9 billion, has issued a scathing rebuke of New York City mayoral frontrunner Zohran Mamdani’s proposal to freeze rents on stabilized apartments. In an exclusive interview, Asness warned that the policy would devastate the local real estate market, calling it a catastrophic idea












