Hedge Funds

N.H. manager bets on Gravel


The Concord Monitor newspaper reports that 27-year-old hedge fund manager Gregory Chase of Nashua, N.H., has spent more than $500,000 to support the long-shot presidential campaign of Mike Gravel, a Democrat and Alaska senator. Despite exceeding contribution limits, this half million has managed to skirt campaign law violations because rather than donating it to the campaign, Chase has used it to buy ads himself. One can only hope Chase's stock-picking ability exceeds his political odds-making.