Loeb, Singer Hold Gay-Rights Event At Davos

Jan 28 2014 | 1:07am ET

Two of the hedge-fund industry's most prominent supporters of gay rights brought the issue to the forefront of the World Economic Forum last week.

Elliott Management's Paul Singer and Third Point's Daniel Loeb hosted a panel featuring gay-rights activists from Russia, Cameroon and Jamaica, three countries where those rights either do not exist or are under assault. The two hedge fund managers followed that lineup on a panel of their own, which also featured Human Rights Campaign chief Chad Griffin.

Both Singer and Loeb have financed pro-gay marriage campaigns across the U.S. And their event was a direct challenge to some of Davos' other attendees: Russia, which last year passed a new anti-gay law and which has threatened athletes and visitors who plan to attend next month's winter Olympics, held a party celebrating those games nearby, and Nigerian President Goodluck Jonathan, who recently signed anti-gay legislation, was also in town.

"Fifty feet across the street is President Jonathan," Griffin noted. "He wants your business. Ensure that you ask the questions."

The earlier panel featured Cameroon lawyer Alice Nkom, Jamaican activist Dane Lewis and Russian activist Masha Gessen, who in addition to being a lesbian is a major critic of Russian President Vladimir Putin. Among those in the audience to hear her was fellow Putin critic William Browder, who leads hedge fund Hermitage Capital Management.

"It's not cool to be anti-gay," Loeb said.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

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

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

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.