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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...