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Dan Loeb apologizes for racially charged Facebook post

Billionaire Dan Loeb is apologizing for racially charged remarks he made this week while blasting a New York politician in a Facebook post. The activist investor, who runs the $17 billion hedge fund Third Point, insinuated that New York state Sen. Andrea Stewart-Cousins — who is black — has done more to harm black people than members of the Ku Klux Klan. “Hypocrites like Stewart-Cousins who pay fealty to powerful union thugs and bosses do more damage to people of color than anyone who has ever donned a hood,” Loeb fumed in the Facebook post, which has since been deleted. Loeb — a big supporter of Gov. Andrew Cuomo and New York City charter schools — was blasting Stewart-Cousins in response to a Wednesday news article abou ...