Tuesday, 31 March 2015
Last updated 6 hours ago
Jul 30 2012 | 11:46am ET
Amazon.com founder Jeff Bezos' $2.5 million contribution to help keep same-sex marriage legal in his home state made headlines last week. But he's merely joining the hedge fund honchos, many of them Republicans, who have financed the marriage equality push over the last several years.
Elliott Management's Paul Singer, AQR Capital Management's Clifford Asness, Third Point's Daniel Loeb and Baupost Group's Seth Klarman have all given to the Freedom to Marry PAC. Those four and Ken Mehlman, campaign manager for President George W. Bush's 2004 campaign who now works at Kohlberg Kravis Roberts, have given the group a total of $1.5 million.
Singer, Asness, Loeb and SAC Capital Advisors' Steven Cohen previously worked to support same-sex marriage in New York, which approved it last year. Freedom to Marry is backing referenda on same-sex marriage legalization in Maine, Maryland and Minnesota this year.
"This issue is a no-brainer for me," Asness told Bloomberg News. "While you won't change people with radical views, you can help give courage and cover to the moderate Republicans out there who want to back gay marriage."
But what of his backing former Massachusetts Gov. Mitt Romney, the presumptive Republican nominee to take on President Barack Obama in November, who is a strident opponent of same-sex marriage.
"I disagree with Romney firmly on this issue," Asness allows. "But I agree with him way more on issues across the board that I do with Obama, making Romney an easy choice for me."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…