The year Bush was reelected, Steyer found himself on the receiving end of left-wing ire when student activists at Yale began investigating how exactly he made his money. During an internecine political battle with Yale management, the activists learned that a sizable chunk of the university's endowment was in Steyer's hedge fund. Consequently, they began a media campaign to embarrass Yale by attacking Farallon, accusing the firm of investing Yale's money in companies with anti-labor and anti-environment practices. They were soon joined by Steyer's other alma mater, Stanford, which also had millions tied up in Farallon. The anti-Farallon group started a website called , a repository of negative news on Tom Steyer, and organized public protests and political theater events, one featuring a giant papier-mâché globe and a woman wearing a sign that read my name is farallon capital management, who used a hammer to smash parts of the Earth where Farallon allegedly caused ecological damage.
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