Hedgies Bundling Millions For Obama

Jul 18 2011 | 8:33am ET

A pair of hedge fund managers highlight President Barack Obama’s list of top donors to his reelection campaign, released on Friday.

Boston Provident Partners’ Orin Kramer and Centerview Partners’ Blair Effron were among the 31 “bundlers” who collected more than $500,000 each for the president’s effort. All told, Obama relied on 271 bundlers to raise $86 million for his own campaign and for his joint account with the Democratic National Committee.

Many of the new “bundlers” and other donors supported Obama’s opponent for the Democratic nomination three years ago, now-Secretary of State Hillary Rodham Clinton. They also include former New Jersey Gov. Jon Corzine, who now leads futures brokerage MF Global.

While the bundlers are proving key to Obama’s fundraising success, accounting for about 40% of the money raised, the president’s campaign trumpeted the fact that two-thirds of the money he’s raised came from small donors, giving $200 or less. By contrast, Mitt Romney, the Republican presidential hopeful with the biggest warchest, raised less than 1% of his $18.25 million in the second quarter from small donors.


In Depth

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.