Major pro-Republican hedge fund managers work to preserve the freedom to marry
July 26, 2012
Major pro-Republican hedge fund managers are donating funds to efforts aimed at preserving the freedom to marry in four ballot-states this November. A group of donors has collectively donated $1.5 million to Freedom to Marry's Win More States Fund, which directs funding to grassroots, on-the-ground efforts to fight for the freedom to marry at the ballot in Maryland, Minnesota, and Washington.
Among the donors is Paul Singer, one of the Republican Party's biggest donors, who served as a key figure in raising more than $1 million for the freedom to marry campaign in New York last year. The donors also include Cliff Asness, founder of AQR Capital Management; Yahoo! investor Dan Loeb; Seth Klarman, founder of the private equity group the Baupost Group; and Ken Mehlman, former chairman of the Republican National Committee.
The group has created a Super PAC called American Unity in order to provide financial support to Republican candidates taht back the freedom to marry. The Super PAC was kick-started by a $1 million donation from Singer.
The major donor surge comes at a time when a record number of conservatives and Republicans are standing up for the freedom to marry. Many young conservatives who joined us for the launch of Young Conservatives for the Freedom to Marry, our newest campaign, reported that they now see marriage for what it really is about: love, trust, and commitment.
Mehlman expressed why he's opted to provide the sizable donation to Freedom to Marry. He said:
Supporting the right of adults to marry the person that they love is consistent with Republican and conservative principles. A party that ignores reality and demographic change is a party that loses a lot of elections and becomes less relevant.
The Super PAC announcement signals a notable shift on the right and is a key indicator of Freedom to Marry's leadership role on this front.