Money Managers And Their Donation Dollars
Citadel's Griffin Backs Romney

Jun 15 2012 | 10:49am ET

Hedge fund billionaire Ken Griffin raised thousands for both Barack Obama and John McCain in 2008 but this year he’s not hedging his bets: he’s going all or nothing on Republican presidential candidate Mitt Romney.

The founder of the $13 billion Citadel Investment Group and his hedge-fund manager wife Anne Dias Griffin co-sponsored a $3.3 million Chicago fund-raiser for Romney at Chicago's Pump Room on Thursday.

“There are a number of Barack Obama fund-raiser types from four years ago that have come over now to help with Mitt Romney,” Illinois State Treasurer Dan Rutherford told the Chicago Sun-Times outside fund-raiser. “We’ve had time to see what an Obama White House would be, and it’s not quite what some people thought it would be. People see Romney and say, ‘Here’s a businessman who’s got experience’ … I think we’re finding a number of people willing to pony up.”

Griffin has said in interviews he and his wife, who recently launched Reboot Illinois, a news aggregator web site, believe Romney would be a better steward of the American economy.

Griffin has given more than $1 million to Restore Our Future, the pro-Romney SuperPAC, since last December. The Griffins have given another $1 million to Karl Rove’s American Crossroads SuperPAC since last August and have donated to the Koch Brothers’ Americans for Prosperity.

Griffin told the Chicago Tribune earlier this year that he felt the “ultra-wealthy” like himself (Forbes ranks him as Chicago’s fifth-richest man) have “insufficient influence” in politics.

"Those who have enjoyed the benefits of our system more than ever now owe a duty to protect the system that has created the greatest nation on this planet,” he said.

 


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.