Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Make a Passover gift and support Jewish journalism. DONATE NOW
Fast Forward

Billionaire Klarman Slams Trump, Vows To Work For Clinton

NEW YORK, Aug 3 (Reuters) – Billionaire hedge fund manager Seth Klarman said on Wednesday he would work to get Hillary Clinton elected president of the United States because he finds recent comments by Donald Trump “shockingly unacceptable.”

“His words and actions over the last several days are so shockingly unacceptable in our diverse and democratic society that it is simply unthinkable that Donald Trump could become our president,” Klarman said of the Republican presidential nominee.

The president and chief executive of The Baupost Group told Reuters in an emailed statement that Trump’s suggestion “that the election will be rigged is particularly dangerous.”

“I will continue to find ways to support Hillary Clinton and defeat Donald Trump,” he said.

On Monday, Trump told a town hall event in Columbus, Ohio, that he thought the November election might be “rigged.” Trump’s attacks on the Muslim parents of a decorated American soldier, Captain Humayun Khan, who was killed in Iraq, have drawn sharp rebukes since Khizr Khan and Ghazala Khan appeared at last week’s Democratic convention.

Trump spokeswoman Hope Hicks did not immediately respond to a request for comment.

Klarman, whose Boston-based investment firm manages $29 billion, is registered as an independent voter. But a review of filings showed that his political giving has largely benefited Republicans over the years, including donations this election cycle to political action committees that supported primary candidates Jeb Bush, Chris Christie and Marco Rubio.

He has also given to the campaigns of Democrats, including now-U.S. Senators Cory Booker and Mark Warner, according to the filings. He contributed $4,600 to Hillary Clinton’s 2007 presidential race, while also giving to the campaigns of Republicans John McCain and Rudy Giuliani.

In June, Klarman gave $5,400 to Clinton’s campaign.

“He is completely unqualified for the highest office in the land,” Klarman said in his statement, without specifying how he would further support Clinton.

(Reporting by Lawrence Delevingne; Editing by Toni Reinhold)

This is a moment of great uncertainty. Here’s what you can do about it.

We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news this Passover. All donations are being matched by the Forward Board - up to $100,000.

This is a moment of great uncertainty for the news media, for the Jewish people, and for our sacred democracy. It is a time of confusion and declining trust in public institutions. An era in which we need humans to report facts, conduct investigations that hold power to account, tell stories that matter and share honest discourse on all that divides us.

With no paywall or subscriptions, the Forward is entirely supported by readers like you. Every dollar you give this Passover is invested in the future of the Forward — and telling the American Jewish story fully and fairly.

The Forward doesn’t rely on funding from institutions like governments or your local Jewish federation. There are thousands of readers like you who give us $18 or $36 or $100 each month or year.

Support our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines.
You must comply with the following:

  • Credit the Forward
  • Retain our pixel
  • Preserve our canonical link in Google search
  • Add a noindex tag in Google search

See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.