In the race to succeed Mike Bloomberg as mayor of New York
City, hedge fund managers aren't unifying behind any
candidate--and some appear to be avoiding the campaign
|| Marc Lasry (Photo:
staying out of the mayor's race," Avenue Capital co-founder
told Absolute Return by email. "[I'm]
not supporting anyone."
a prominent Democratic fundraiser and friend
of the Clintons, gave $4,950 to
Anthony Weiner in 2007 but appears
to have turned away from the embattled candidate. Lasry
also gave $1,000 to John Liu in his race for
Comptroller in 2007, according to New York
City Campaign Finance Board records.
Others, of course, are in the mix.
"I'm supporting Christie Quinn for her support of
education reform," Third Point's Dan Loeb
told Absolute Return via email, a move consistent with
work on the issue. "In fact we are hosting a fundraiser for her."
While Loeb is supporting the
Democratic frontrunner, he
raised money for Republican presidential nominee Mitt Romney in the 2012 election
souring on Barack Obama. Loeb
also gave $4,500 to support Democrat Scott Stringer in his bid
to be city Comptroller.
Richard Perry of Perry Partners is also supporting Quinn: he gave her campaign
$1,000, according to city records.
Longtime liberal booster George Soros is supporting a more
"New York's next mayor needs to possess conviction,
intelligence, and a clear vision for where they want to take
the city. I believe Bill de Blasio possesses these
qualities and will be an outstanding mayor for all New
Yorkers," Soros said today in a
statement. The retired founder of Soros Fund Management
praised liberal candidate de Blasio for his commitment
to education, campaign finance reform and ending stop-and-frisk
And Carl Icahn, chairman of Icahn Associates Corp., is
backing Republican Joe Lhota as evidenced by a
$4,950 donation earlier this year.
Many New York-based hedge fund managers traditionally active
in politics have not made donations to any candidate, according
to city records.
The no-shows include
left-leaning Bill Ackman of Pershing Square Capital
Management, Jim Chanos of Kynikos Associates and Eric
Mindich of Eton Park
Right-leaning absentees include John Paulson of Paulson & Co., Julian
Robertson of Tiger Management, Leon Cooperman of Omega Advisors
and Paul Singer of Elliott Management
Corporation. None of the men responded to requests for comment
directly or through their public relations representatives.
The city-wide primaries on September 10 feature several
others with hedge fund connections.
As Comptroller, mayoral candidate Liu
directs city pension funds,
$2.2 billion of which are invested in hedge funds. Public
Advocate candidate Reshma Saujani was a
hedge fund lawyer before entering politics; she worked at
Carret Asset Management,
Carlyle-Blue Wave Partners
and Fortress Investment Group. And Kristin Davis, a former
hedge fund employee better known as the "Manhattan Madam," is
running for Comptroller (she has previously run for
mayor). One of her opponents is none other than "
Sheriff of Wall Street" Elliot Spitzer (Update: Davis
was arrested yesterday for the
alleged illegal sale of prescription pills).
The general election is November 5.