IN DEPTH: Hedge Fund Manager Shakes Up Key House Race

Nov 3 2006 | 1:35pm ET

by Jonathan Shazar 

Phil Maymin at Congressional DebateThe mid-term elections on Tuesday could prove to be the most important since the Newt Gingrich-led Republican Revolution 12 years ago, as Democrats seem poised to make big gains in both houses of Congress and in statehouses nationwide. Part of their success thus far can be attributed to an unusual level of financial parity between the parties, and the Democrats may have hedge funds to thank for it: More than two-thirds of political contributions made by hedge or buyout fund employees went to Dems this cycle, especially to the Campaign Committees.

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