Thursday, 27 November 2014
Last updated 1 day ago
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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...