Hedge funds give more to Republicans
By Lawrence Delevingne
Mon May 10, 2010
The GOP received the majority of hedge fund political contributions in the first quarter of 2010.
After years of favoring Democrats, hedge funds appear to be
shifting their political donations to the right.
Republicans have received the majority of political
contributions from hedge funds in recent months as votes on
financial reform legislation loom and GOP candidates appear
poised to regain seats in both houses of Congress come
November. This trend echoes a shift by all of Wall
Many hedge funds and their managers remain prominent
Democratic boosters, and others have long courted Republican
lawmakers regardless of the political climate. But there's a
tentative movement from left to right that could soften the
strong ties between hedge fund managers and liberal politicians
that have been dominant in the past decade.
"Contributions from the hedge fund industry have indeed
shifted toward Republicans as of late, although Democrats still
enjoy the majority of the industry's contributions," said Dave
Levinthal, communications director for the Center for
ISSN: 2151-1845 / CDC10004H
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.