Griffin Boosts Emanuel's Chicago Mayor Campaign

Jan 21 2011 | 12:31pm ET

Last year, Kenneth Griffin's campaign contributions helped fuel the big Republican victories to humble President Barack Obama. Now, the Citadel Investment Group chief is doing all he can to make Obama's former right-hand man the next mayor of his hometown.

Griffin and his wife, Anne Dias-Griffin, donated at total of $200,000 to Rahm Emanuel's campaign to become the next mayor of Chicago. That contributed to an impressive haul of $10.6 million for Emanuel between his departure as White House chief of staff in October and the end of last year.

The Griffin donations are among the largest made to the Emanuel campaign. Among the other donors are major players in Chicago's business community, including the Chicago Mercantile Exchange, which gave $200,000, and Morningstar CEO Joe Mansueto.

Of course, the support of the alternative investments community—Griffin's wife is a hedge fund executive, as well, serving as managing partner of Aragon Global Management—is nothing new for Emanuel. As a congressman from Chicago before heading to the White House, Emanuel was the single-largest recipient of hedge fund and private equity campaign cash in Congress.

Current polls show Emanuel with a substantial lead over the other contenders for mayor of the Windy City.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...