Hedge funds top list of Obama boosters

By Lawrence Delevingne

Thu Oct 20, 2011


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Not everyone has jumped to the Romney campaign.


Has the hedge fund industry really abandoned Barack Obama? Clearly, the industry's 2008 honeymoon period with the President is over, but Obama's recently released list of top fundraisers, better known as bundlers, includes many names from hedge funds and funds of funds.

The largest supporters as of the third quarter of 2011 include David Shaw, founder of D. E. Shaw & Co. and Orin Kramer of Boston Provident.

Big name former supporters like Dan Loeb of Third Point and Ken Griffin of Citadel have publically criticized the President, while others, including Paul Singer of Elliott Management and John Paulson of Paulson & Co., support Mitt Romney, the apparent industry darling.

Romney has received $74,000 from individual hedge fund donors, beating Obama's $59,962, according to data compiled by the Center for Responsive Politics. Overall, hedge fund employees support Republicans over Democrats, with 60% of more than $4 million in 2012 campaign contributions going to Democrats, according to CRP. His popularity among hedge funds has grown following Chris Christie's decision not to run despite support from Stanley Druckenmiller, formerly of Duquesne Capital Management, and David Tepper of Appaloosa Management.

Name

Firm

Amount

Brian Mathis

Longship Capital Management / Provident Group Asset Management

More than $500,000

Orin Kramer

Boston Provident

More than $500,000

David & Beth Shaw

D.E. Shaw

$200,000 to $500,000

Frank Brosens

Taconic Capital Advisors

$200,000 to $500,000

Michael Sacks

Grosvenor Capital Management

$200,000 to $500,000

Naomi Aberly (wife of former HBK chairman Larry Lebowitz)

HBK Capital Management

$200,000 to $500,000

Chad Leat

Citigroup Alternative Asset Group

$100,000 to $200,000

Jim Torrey

The Torrey Funds

$100,000 to $200,000

Stephen Robert

Renaissance Institutional Management

$100,000 to $200,000

Alice & Bill Mahoney

Ex-Bridgewater Associates

$100,000 to $200,000

Marc Lasry

Avenue Capital Group

$100,000 to $200,000

Eric Mindich

Eton Park Capital Management

$50,000 to $100,000

Tom Steyer

Farallon Capital Management

$50,000 to $100,000

Andrew Fishman

Schonfeld Group Holdings President

$50,000 to $100,000

Peter Novello

Far Hills Group

$50,000 to $100,000

See also: Looking back at an Obama backlash