Hedge Funds Politics & Regulation

The hedge funds that aced the midterm elections

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Charting the firms that backed the right elephants.

 
Hedge funds went long Republicans and short Democrats in the November midterm elections, powering into office a fresh group of political leaders who fund managers hope will keep taxes low, corral regulators and limit the impact of financial reform legislation.

Representatives such as Eric Cantor (R-Va.), Ed Royce (R-Calif.) and Scott Garrett (R-N.J.) and senators such as Pat Toomey (R-Pa.), Marco Rubio (R-Fla.) and Mark Kirk (R-Ill.) all enjoyed significant funding from hedge fund employees, either directly or through political action committees (hedge funds themselves can not contribute).

That successful bet is part of a broader shift