Tuesday, 30 September 2014
Last updated 3 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...