That amounted to "bullying, " one prominent fund manager, Cliff Asness of AQR Capital Management, wrote on his personal web page.

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In a recent interview with Forbes, AQR Capital Management co-founder Cliff Asness explained why not everything hedge funds (or any asset managers) offer are worth premium fees.

FORBES: Cliff Asness: Not All Hedge Fund Products Are Worth Hedge Fund Fees

For a lot more from Cliff Asness, including his take on more alternative investment managers tailoring products to a broader group of investors, watch the video at the top of the page.

FORBES: Cliff Asness: Not All Hedge Fund Products Are Worth Hedge Fund Fees

Cliff Asness has no problems with fees.

FORBES: Cliff Asness: Not All Hedge Fund Products Are Worth Hedge Fund Fees