Obama adds hedge fund bundlers

By Lawrence Delevingne

Mon Aug 20, 2012


Email a friend
  • To include more than one recipient, please seperate each email address with a semi-colon ';', to a maximum of 5 email addresses



Mitt Romney may have more industry support, but plenty of investors are fundraising for his Democratic rival.


   
   Barack Obama (Photo: Bloomberg)
Not all hedge funders are switching to Team Romney. True, 70% of hedge fund employee money has gone to Republicans in the 2012 election cycle, up from 33% in 2008, according to the Center for Responsive Politics, and Mitt Romney's list of bundlers includes at least 31 industry names. But at least 25 people involved in hedge funds (including investors in them) are fundraising for Barack Obama, according to an analysis of names released by the campaign for the second quarter.

Several big new fundraisers and donors have joined the list compiled by AR in October. They include Scott Nathan, managing director and chief Risk officer at Boston-based Baupost Group, who has bundled at least $500,000; Lynn Meredith, wife of Austin-based fund of funds Meritage Capital founder Tom Meredith ($50,000-$100,000); Wim Kooyker, chairman of New Jersey-based Blenheim Capital Management ($50,000-$100,000); and Jim Chanos of New York-based Kynikos Associates ($200,000 to $500,000).

They join the list of Obama boosters that includes long-time Democratic donors David Shaw, founder of New York-based D. E. Shaw & Co. ($200,000-$500,000); Orin Kramer of New York-based Boston Provident ($500,000+); Marc Lasry of New York-based Avenue Capital Group ($100,000-$200,000); Eric Mindich of New York-based Eton Park Capital Management ($50,000-$100,000); and Tom Steyer of San Francisco-based Farallon Capital Management ($50,000-$100,000).

Below are hedge fund industry names AR found on Obama's list of bundlers as of the end of June, combined with a list from the Center for Responsive Politics that includes total political donations to all federal candidates, parties and political action committees since 1990-a combined $13.6 million.

Name

Employer

City

State

Minimum

Maximum

Contributions since 1990

Scott Nathan

Baupost Group

Boston

MA

$500,000

Undisclosed

$1,002,699

Marc Lasry

Avenue Capital

New York

NY

$500,000

Undisclosed

$849,906

Orin Kramer

Boston Provident

New York

NY

$500,000

Undisclosed

$656,230

Hamilton James

Blackstone Group

New York

NY

$500,000

Undisclosed

$344,250

Les Coney

Mesirow Financial

Chicago

IL

$500,000

Undisclosed

$54,468

Brian Mathis

Provident Group

New York

NY

$500,000

Undisclosed

$7,900

Beth & David Shaw

DE Shaw Research

New York

NY

$200,000

$500,000

$1,181,648

Frank Brosens

Taconic Capital Advisors

New York

NY

$200,000

$500,000

$736,175

James Chanos

Kynikos Associates

New York

NY

$200,000

$500,000

$687,900

Alice & Bill Mahoney

Investor (ex-Bridgewater Associates)

New Canaan

CT

$200,000

$500,000

$674,126

Jim Torrey

Torrey Funds

Greenwich

CT

$200,000

$500,000

$498,940

Jonathan Burgstone

Symbol Capital

San Francisco

CA

$200,000

$500,000

$135,650

Michael Sacks

Grosvenor Capital Management

Winnetka

IL

$200,000

$500,000

$12,000

Stephen Robert

Source of Hope Foundation (ex-Renaissance Technologies)

New York

NY

$100,000

$200,000

$593,363

Cappy McGarr

McGarr Capital

Dallas

TX

$100,000

$200,000

$445,300

Chad Leat

Citigroup

New York

NY

$100,000

$200,000

$129,050

Jewelle Bickford

Genspring Family Offices

New York

NY

$100,000

$200,000

$27,400

Tom Steyer

Farallon Capital Management

San Francisco

CA

$50,000

$100,000

$1,166,850

Naomi Aberly (wife of ex-HBK chairman Larry Lebowitz)

TIFF Advisory Services

Dallas

TX

$50,000

$100,000

$933,133

Lynn Meredith (wife of Meritage Capital founder Tom Meredith)

Meredith Family Investments

Austin

TX

$50,000

$100,000

$830,274

Judith-Ann Corrente & Wim Kooyker

Blenheim Capital Management

New York

NY

$50,000

$100,000

$829,208

Joseph Gutman

Grosvenor Capital Management

Chicago

IL

$50,000

$100,000

$784,547

Eric Mindich

Eton Park Capital Management

New York

NY

$50,000

$100,000

$530,900

Peter Novello

Far Hills Group

New York

NY

$50,000

$100,000

$505,324

Andrew Fishman

Schonfeld Group

Weston

CT

$50,000

$100,000

$75,919

Source: AR research, Center for Responsive Politics

If we've missed any on the Obama campaign list, email us at ldelevingne@absolutereturn.net

See also: Goldman Sachs, SkyBridge among Mitt Romney's hedge fund bundlers