Big money is betting on republicans this cycle...................... Overall, employees of hedge funds have given $26.2 million to political candidates and committees in 2013 and 2014, already surpassing the previous midterm record of $13.7 million in 2010, according to the Center for Responsive Politics, a nonpartisan data tracker. Some 70 percent has gone to Republicans this cycle; the split with Democrats was roughly even in 2010. Top hedge fund donors include employees of Elliott, Renaissance, Baupost Group, Equinox Partners and Citadel. Private equity professionals also are giving in record amounts for the midterms, which historically attract far less cash than presidential election years. PE pros have donated $28.8 million this election cycle, up from $20.5 million in 2010, according to CRP. Like hedge funds, the industry gave equally to both parties in 2010 but now favors the GOP nearly 2 to 1. Top PE firm donors include J.W. Childs, Blackstone Group, BLS Investments, Bain Capital and Carlyle Group.
Posted on: Mon, 13 Oct 2014 11:31:48 +0000
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