September 14, 2006
Are Hedge Funds Hedging On Politics?
If you are flush with money, and don't want the government to interfere too much into your dealings, what do you do? Pump money into politicial campaigns. And that's exactly what top hedge fund managers are doing -- they are pouring millions into U.S. political campaigns ahead of November's congressional elections as the government considers what to do about the lightly policed hedge fund industry. Msnbc.msn.com reports:
Campaign finance records show 20 of the most successful U.S. hedge fund managers have pumped more than $3.1 million into campaigns so far in 2005-2006, up from about $1.1 million by the same group in the last mid-term election cycle.
Read more: Hedge fund cash flows ahead of U.S. election
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