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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR