Paul E. Singer, 67, a billionaire hedge fund manager who is among the most important Republican donors nationwide is a man who can put his money where his mouth is, and has. Not surprisingly he has a gay son and has learned that gay people are just the same as straight people, and deserve our love and respect just as straight people do.
He steadfastly supports conservative candidates. He also steadfastly supports gay rights in general and marriage equality in particular. Along with a few other leading Wall Street financiers, he contributed and helped drum up the majority of the money — more than $1 million — that fueled the campaign for same-sex marriage in New York.
He has given nearly $10 million of his own money to gay-rights initiatives, including the same-sex marriage efforts not only in New York but also in New Hampshire and New Jersey. And that figure doesn’t include his assistance in tapping a broad network of donors for individual candidates. He was pivotal in rounding up about $250,000 apiece for the Republican state senators in New York whose votes for same-sex marriage provided its margin of victory in the Legislature.
Now, Singer says, he’s providing $1 million to start a new “super PAC” with several Republican compatriots. Named American Unity PAC, its sole mission will be to encourage Republican candidates to support same-sex marriage, in part by helping them to feel financially shielded from any blowback from well-funded groups that oppose it.
In an interview on Tuesday, he told me that he’s confident that in Congressional races, which would most likely be the super PAC’s initial focus, there are more than a few Republicans “who could be on the verge of support” or are “harboring and hiding their views.”
“And this kind of effort could be catalytic in generating some more movement,” he said.
Singer doesn’t court a high news-media profile. His willingness to meet at the Midtown Manhattan offices of his hedge fund, Elliott Management, and talk about marriage equality reflects the strength of his commitment to the cause. Although he is straight, he has a gay son and son-in-law who were married in Massachusetts, which legalized same-sex marriage in 2004.