Protestors calling themselves “Hedge Clippers” are planning to hold a demonstration Saturday in East Hampton outside the home of hedge funder Dan Loeb, who is hosting a political fundraiser for New York State Governor Andrew Cuomo that evening.
Admission to the fundraiser is said to be $5,000 per plate.
Loeb is founder and CEO of Third Point LLC, a New York-based hedge fund. He is also founder of Third Point Foundation, which makes charitable contributions to health causes.
According to the Long Island Progressive Coalition, “Loeb has funded efforts to prevent higher taxes on the rich, to privatize public schools, and to block wage increases…”
The coalition says protestors will hand out “inequality awards” while Hedge Clippers banners will fly overhead.
More than 200 activists are expected to participate.