Hedge Funds Politics & Regulation

Loeb to Obama supporters: He’s just not that into you!

by Josh Friedlander

In a letter sent yesterday to a small group of Obama supporters, Loeb compares some of the richest people on earth to battered wives and suggests they turn to chick lit to deal with their seemingly unrequited love.

In a letter sent yesterday morning to a group of Democrat-leaning hedge fund managers and investors who have actively supported President Obama, Dan Loeb explained—in a way only he could—that the President is “just not that into” them.

Loeb’s enmity toward the current administration’s policies has been evident at least since an August 27 letter to investors, in which the founder of Third Point and former Obama supporter, said the President and his team, by proposing to raise taxes on hedge funds and private equity managers, were creating a hostile environment for investors. And in his third quarter