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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...