Rudy Rakes In Hedge Fund Dough

Feb 1 2007 | 1:37pm ET

Should we be paying attention?

Hedge funds were one of the first to jump on the Democratic bandwagon, giving millions to the parties’ candidates and campaign committees in their successful bid to retake both house of Congress. Now, some very big names in the industry are jumping on another bandwagon: former New York City Mayor Rudolph Giuliani’s 2008 bid for president. The New York Times reports, based on data from PoliticalMoneyLine.com, that BP Capital’s T. Boone Pickens and Tudor Investment Corp.’s Paul Tudor Jones have eached plunked $2,100 into Giuliani’s exploratory committee.

 In addition, Dallas-based BP Capital employees have given some $18,900 to the committee, and Elliot Associates, founded by Giuliani fundraiser Paul Singer, is doing its part, as well, with employees giving $14,700.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.