Friday, 30 January 2015
Last updated 9 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…