Saturday, 24 September 2016
Last updated 1 day ago
May 11 2010 | 4:29pm ET
Despite Democratic-led efforts to impose stricter regulations on hedge funds, the industry’s top titans continue to give generously to the party.
The top 10 best-paid hedge fund managers in the U.S.—as identified by AR magazine—have given almost all of their campaign contributions to Democrats. Over their lifetimes, the top 10—which include such high-profile Democratic donors as George Soros—have given a total of $33 million to President Barack Obama’s party. They’ve given only $600,000 to Republicans, according to the National Republican Congressional Committee.
Democrats are also taking more from the financial services, insurance and real-estate industries than ever before. Over the past 20 years, Democrats got 45% and Republicans 55% of the $2.4 billion doled out by those industries. In the current campaign cycle, Democrats have nabbed 54% of the money.