The U.S. Supreme Court decision Friday in favor of same-sex marriage was welcomed by a perhaps surprising group: conservative hedge fund managers.
Dan Loeb of Third Point, Paul Singer of Elliott Management, Steve Cohen of Point72 Asset Management and Cliff Asness of AQR Capital Management are among the prominent hedge fund managers who have worked in recent years in support of gay marriage even as they disapproved of President Barack Obama and Democrats.
“It’s a gratifying day for equality under the law,” Asness, a libertarian, told CNBC.com on Friday.
“We’re pleased with the Court’s ruling because we believe in social justice for all Americans and hope this serves as a catalyst for global change,” added Cohen, via a spokesman…Loeb, Cohen, Singer and others helped successfully to push to legalize same-sex marriage in New York in 2011. And backers of nonprofit Freedom to Marry have been supported by KKR head of public affairs Ken Mehlman, a former Republican operative, as well as Loeb, Klarman, Singer and Asness.
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