Hedge Fund Giving Swings To Obama

Feb 27 2008 | 8:04am ET

When it comes to the presidential race, hedge funds are doing what they do best: hedging. Last year, the industry clearly favored then-Democratic frontrunner Sen. Hillary Clinton (D-N.Y.) over Sen. Barack Obama (D-Ill.), giving the former $681,250 to the latter’s $552,374.

But in January, in the wake of Obama’s primary victories in Iowa and South Carolina, hedge fund money took a big turn, with $50,450 donated to Obama, and just $18,800 to Clinton.

Even Sen. John McCain (R-Ariz.), the presumptive Republican presidential nominee, bested her among hedge funds, raising $26,400 in January after accruing just $116,550 in hedge fund cash all of last year.


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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…