BlueRidge Founder Hosts Romney Fundraiser

Aug 20 2012 | 11:56am ET

Hedge fund managers are continuing to back Mitt Romney's bid to oust President Barack Obama in a big way.

While Obama and Romney's running-mate, Rep. Paul Ryan (R-Wisc.), spent the weekend pressing the flesh with voters, Romney stuck to a more genteel—and well-heeled—crowd with a string of fundraisers that brought in some $7 million. One, on Friday night, was held at the East Hampton, N.Y., home of BlueRidge Capital founder John Griffin.

Griffin is one of a number of hedge fund managers who backed Obama four years ago only to change his stripes this time around, giving more than $100,000 to a Romney political action committee over the past year.

The barbecue at the Griffins' cost attendees $25,000 a head.

Of course, Romney's new number-two is no slouch when it comes to hob-nobbing with the hedge fund elite either. He is close with some of the industry's more right-wing members, including AQS Capital Management's Clifford Asness and Elliott Management's Paul Singer, with both of whom he is reportedly on first-name terms. Citadel Investment Group founder Kenneth Griffin has also raised money for Ryan.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note