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Tom Steyer hosts Obama at Democratic fundraiser


The recently retired Farallon founder is stepping up his political engagement.

 Tom Steyer (Photo: Bloomberg)

Newly retired, Tom Steyer is quickly increasing his political clout.

The founder of Farallon Capital Management and long-time environmentalist hosted President Barack Obama at a fundraiser for the Democratic Congressional Campaign Committee at his home in San Francisco last night, where 100 guests paid between $5,000 and $32,400 to attend, according to The New York Times.

"We've got more work to do in terms of dealing with climate change and making sure that we've got an economy that is energy-efficient, that is productive, that is cutting-edge, and