The stock tumbled a whopping 77% Wednesday, following a 2,230% surge in Newsmax's first two days of trading after debuting on the New York Stock Exchange.
The comments come as investors worry that a more severe approach signaled by the Trump administration would dampen sentiment enough to slow down the economy.
The Apex strategy from Cliff Asness' firm, which combines stocks, macro and arbitrage trades with $3 billion in assets under management, gained 9% in Q1.
President Donald Trump and the GOP have expressed disdain for so-called ESG investments. Despite political headwinds, analysts say such funds are here to stay.