Investors join call for North Carolina to repeal LGBT bill
RALEIGH, N.C. -- 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.
Gov. Pat McCrory called it the “height of hypocrisy” for investors whom he describes as “New York hedge fund billionaires” to tell North Carolina what to do.
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.
PayPal in April shifted plans to open a global operations center in Charlotte, North Carolina, due to the law signed by McCrory on March 23, with the online payments company joining a growing list of companies calling for repeal of the measure.
Citing the law, known as HB2, the National Basketball Association in July said it would pull its annual All-Star game from Charlotte, which had been scheduled to host the 2017 contest.