Loeb, Singer Push For Gay Marriage

May 2 2011 | 12:22pm ET

A trio of alternative investments powers have joined a group of top New York business executives pushing for gay marriage in the Empire State.

Third Point's Daniel Loeb, MacAndrew & Forbes' Ronald Perelman and Elliott Management's Paul Singer were among the two-dozen leaders to sign an open letter to New York's political leaders, "strongly" urging "New York State to enact marriage equality legislation to help maintain our competitive advantage in attracting the best and brightest people the world has to offer and to reaffirm our commitment to both freedom and fairness."

Competition from other cities and states is "why it is so important that New York State grant full rights to all of its citizens by passing marriage equality. As other states, cities and countries across the world extend marriage rights regardless of sexual orientation, it will become increasingly difficult to recruit the best talent if New York cannot offer the same benefits and protections."

The alternatives contingent signing the letter represents both sides of the political spectrum. Loeb has been a major donor to the Democratic Party until recently, while Singer has been a consistent supporter of Republicans.

In addition to Loeb, Perelman and Singer, the letter was signed by such Wall Street titans as Goldman Sachs CEO Lloyd Blankfein, former Morgan Stanley CEO John Mack and JPMorgan Chase investment banking chief Jes Staley, Daniel Doctoroff, New York Mayor Michael Bloomberg's former right-hand man, and real-estate giants William Rudin, Jerry Speyer and Mortimer Zuckerman.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.