Tuesday, 30 September 2014
Last updated 14 min ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
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