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Billionaire Dan Loeb Turtles, Flees Investor Conference, After Political Affiliations Exposed


Last week, I wrote an article about hedge fund king Dan Loeb's involvement with StudentsFirstNY, a group that lobbies against defined benefit plans in public-sector retirement funds. What made that story interesting was that Loeb takes money from defined benefit plans, so turning around and supporting a group that campaigns against guaranteed benefits for teachers and other public-sector workers seemed like a peculiarly ugly form of betrayal, particularly coming from someone who doesn't need to worry too much about his own retirement.

Entitled "Dan Loeb Simultaneously Soli...