Friday, 28 October 2016
Last updated 6 hours ago
May 31 2012 | 11:55am ET
Deep pocketed donors have long played a role in national politics, but perhaps no group has become more influential in this election cycle than the financial titans known as asset managers.
In this series, which will appear over the next two weeks, we take a close look at hedge fund managers, private equity executives and their less glamorous but equally powerful Wall Street counterparts to discover who is supporting Romney and who is backing Obama—why, and for how much.
John Kleinheinz, Kleinheinz Capital Partners
John Kleinheinz made headlines recently by cutting a seven-figure check for Restore Our Future, the Super PAC backing Republican presidential candidate Mitt Romney. The $1 million donation made Kleinheinz, founder of the multi-billion dollar Fort Worth, Texas-based hedge fund Kleinheinz Capital Partners, the top donor to Restore Our Future for the month of April.
The donation, his first to a Super PAC, made him one of the top 100 individual donors to super PACs generally and brought his donations to the Republican Party since 2000 to $1.8 million.
Kleinheinz, who has also donated $10,000 directly to Mitt Romney, also made headlines due to the work of the web site Politico, which did a little digging and came up with a 2005 story about the hedge fund manager driving a photographer’s rented SUV into a pond and being charged with criminal mischief, an incident Kleinheinz, in an email to the Fort Worth Star Telegram, described as “regrettable.”
Money Managers And Their Donation Dollars