2 Wall Street Moguls Champion Gay Rights
By Michael De La Merced
January 23, 2014
DAVOS, Switzerland – When the World Economic Forum made “inclusiveness” one of its pillar themes, it was safe to assume the assembled corporate leaders would discuss economic issues.
But two of the busiest activist hedge fund managers on Wall Street spent 90 minutes on Thursday morning debating the state of gay, lesbian and transgender rights with an international array of activists. (You can watch video of the event.)
The financiers, Daniel S. Loeb of Third Point and Paul E. Singer of Elliott Management, were among the presenters and sponsors of the event. During their part of the debate, both men spoke of the seeming unlikelihood that prominent investors would take a stand on gay rights.