I triple dog dare you
. . .n 2004, Steyer was criticized by UnFarallon, a group of student activists at Yale who discovered that much of Yale's endowment was in Steyer’s fund. The protest soon spread to Stanford, which also had millions invested with Farallon. The protest centered on Steyer’s supposed investing in companies with anti-labor and anti-environmental policies.[9]
A July 2014 article in the New York Times, headlined “Aims of Donor Are Shadowed by Past in Coal,” detailed several examples of Farallon investing in coal. In addition, it was learned that even after their divestment, Farallon-funded coal projects in places like Indonesia and China would continue. Environmentalists were disappointed by the revelations and GOP leaders called it a blow to Steyer’s credibility.[51]
In October 2016, Politico reported that under Steyer’s leadership, Farallon Capital had invested tens of millions of dollars in private prisons.[76] According to SEC filings, Steyer was at the helm as the hedge fund purchased nearly $90 million of Corrections Corporation of America stock, equaling approximately more than 5% of the company’s shares.[77]
University of San Francisco law professor Constance de la Vega criticized the Farallon investments as appearing antithetical to Steyer’s avowed progressive politics.[78]