Approximately 250 protestors from the activist group 'The Hedge Clippers' invaded the Hamptons over the weekend to picket outside Dan Loeb's home while he hosted a fundraiser for New York Governor Andrew Cuomo. Loeb is the founder of Third Point, a New York based hedge fund and chairman of the board of Success Academy Charter Schools.
The Hedge Clippers, founded in February 2015, are a group of activists that aim to expose hedge funds' influence on politics and policy. The group is supported by a Strong Economy for All Coalition, a collection of labor unions and community groups.
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Activists, many of whom were teachers, protested Gov. Cuomo's and Loeb's support of charter schools.
The event's organizer Michael Kink released this statement about the protest:
"With direct support from Dan Loeb, Governor Cuomo has worked closely with Republicans to prevent higher taxes on the rich, privatize public schools, and block progressive legislation that would help countless working families. That's why we crashed Loeb's fundraiser for Cuomo in the Hamptons. We're showing that Cuomo and his hedge fund billionaire friends like Loeb are helping the wealthy elite at the expense of everyone else. Now the harmful impact of hedge funds on New Yorkers and everyday Americans is a bigger part of the political conversation."
The incident has caused some Hamptons residents to worry as the summer fundraising season gets underway for presidential candidates.
A source connected to the group, who asked to not be identified, said that there are more protests and events planned for the upcoming weeks.
Third Point's spokeswoman Elissa Doyle declined to comment on the protest.