Loeb, Singer Hold Gay-Rights Event At Davos

Jan 28 2014 | 2:07am 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

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of