Five of the ten biggest individual donors in the 2018 midterms were hedge fund founders, a new report from Washington D.C. non-profit Public Citizen states.
Out of the nearly $700 million given by the 100 biggest donors in the 2017-18 election cycle, nearly half came from the finance industry, the report states.
The biggest donors from the hedge fund industry include Tom Steyer, an outspoken Democrat who has pushed to impeach President Donald Trump, and Donald Sussman, who had donated nearly $23 million to Hillary Clinton’s failed presidential campaign.
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There was no shortage of interest, and spending, from hedge fund big-shots in the 2018 midterm elections.
A new report from Washington D.C. non-profit Public Citizen found that of the top 10 biggest individual donors, five were hedge fund founders: Farallon Capital’s Tom Steyer, Paloma Partners’ Donald Sussman, Renaissance Technologies’ Jim Simons, Citadel’s Ken Griffin, and Soros Fund Management’s George Soros.
While big-name finance donors like Blackstone CEO Steven Schwarzman and Charles Schwab gave millions to Republicans, a majority of the 15 hedge fund founders on the list gave to Democrats, including Baupost CEO Seth Klarman, who was once the biggest Republican …read more
Source:: Businessinsider – Politics