Wednesday, 1 October 2014
Last updated 1 hour ago
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.
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…
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