Thursday, 28 May 2015
Last updated 8 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…