Friday, 27 March 2015
Last updated 9 min ago
May 29 2012 | 1:29pm ET by Deirdre Brennan
Wall Street, which four years ago gave President Barack Obama almost twice as much as it did his Republican rival, Sen. John McCain, has to date given $8.5 million to Mitt Romney's campaign to unseat the president this time around. By contrast, Obama himself has received just $3 million from financial industry donors.
Romney's so-called Super PAC, Restore Our Future, has raised $43.2 million—and at least $13.5 million of that total has come from people or organizations tied to the alternative investments industry. Some of the biggest names in hedge funds have given the group at least $1 million, including Julian Robertson, Paul Singer, John Paulson and Renaissance Technologies co-CEO Robert Mercer.
Starting tomorrow, we are taking an in-depth look at these and other hedge fund managers, private equity executives and their less glamorous but equally powerful Wall Street counterparts. We’ve sifted though tax returns, financial disclosure documents and donor lists to discover who is supporting Romney and who is backing Obama—why, and for how much.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…