Thursday, 30 June 2016
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Mar 13 2014 | 10:50am ET
His approval rating may be at an all-time low, but President Barack Obama can still find substantial support on Wall Street.
The president travelled to New York on Tuesday for a fundraiser at the Manhattan home of Blackstone Group President Hamilton James. While many hedge fund managers and others on Wall Street have soured on Obama due to his support of tougher financial regulations, the president retains a core group of well-heeled supporters, many of whom paid $32,400 to attend the Democratic Senatorial Campaign Committee event.
In addition to James, Blackstone investor relations and business development chief Bill Mulrow attended, as did Boston Provident Partners’ Orin Kramer, Eton Park Capital Management’s Eric Mindich and Renaissance Technologies founder James Simons.