American hedge fund manager Tom Steyer is also a liberal activist, fundraiser, philanthropist, environmentalist, and 2020 Democratic Party presidential contender. Steyer is the co-founder of One California Bank, which later merged to establish Beneficial State Bank, an Oakland-based community development bank. He is also the founder and former co-senior managing partner of Farallon Capital.
For institutions and wealthy people, Farallon Funds manages $20 billion in the capital. Institutional investors in the company include foundations and endowments for universities. From 2007 until 2017, Steyer was a member of the Stanford University board of trustees.
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