Investors Join Call For NC to Repeal HB2
About 60 investors representing $2.1 trillion in managed assets are joining the NCAA, entertainers and more than 200 businesses in calling for North Carolina to repeal its law limiting LGBT protections against discrimination.
Trillium Asset Management CEO Matt Patsky said at a news conference Monday that North Carolina appears headed for a "state-government-inflicted recession" while the economy of the rest of the country improves.
Trillium has more than $2 billion in assets under management.
The investors are seeking a full repeal of the law, which excludes gender identity and sexual orientation from statewide anti-discrimination protections. It also requires transgender people to use public restrooms matching their birth certificates.
Governor Pat McCrory says it's the "height of hypocrisy" for investors whom he describes as "New York hedge fund billionaires" to tell North Carolina what to do about the law.
While McCrory blamed the statement on people from out-of-state, those who organized it included the chief executive officer of Trillium Asset Management, which has an office in Durham; the president of Croatan Institute, located in Research Triangle Park; and the New York City comptroller.