Reply #12: and here's the money shot

[burythehatchet]

b) Steinhardt morphed his hedge fund into a solo act: “Steinhardt Partners.” He also morphed politically: originally a Goldwater Republican, in the 1980’s Steinhardt played a leading role in the development of the new “Democrat Leadership Council,” and became its chairman in 1985. The DLC is the centrist Democrat group out of which Bill Clinton emerged onto the national stage. This brought him into close proximity with Marty Peretz, who parlayed his skill in marrying a Singer Sewing Machine heiress into becoming publisher of The New Republic (which I believe he has since sold, though he retains editorial control).