Hedge funds jumped on the Barack Obama bandwagon in the
second quarter, donating $340,634 to the senator from Ohio, who
is vying for the Democratic nomination for President in 2008.
The biggest recipient of hedge fund cash in the second quarter,
Obama trailed only Senate Finance Committee Chairman
Christopher Dodd from Connecticut in the amount raised from
hedge funds as of July 1. Hillary Clinton, a longtime hedge
fund favorite and frontrunner in the race, fell to third place
overall, and fourth during the second quarter, according to
research compiled by the Center for Responsive Politics.
Why the fascination with Obama? In a word, opportunity.
Because Obama is a new face, there's more of a chance for
donors to exert influence. "Hillary is all sewn up," says one
hedge fund manager. Clinton has long been close to such hedge
fund luminaries as Richard Perry, Marc Lasry and David