Wednesday, April 18, 2012

Hedge Funds Use Donations to Boost Clout


Hedge funds have emerged as a force in New York state politics in the past seven years, funneling tens of millions of dollars to political parties, pet causes and candidates from both major parties, according to a report set to be released today according to a Wall St Journal report.

The donations have swelled as hedge funds grow in number and wealth. In 2006, when Eliot Spitzer was elected governor, hedge-fund executives, employees and their families gave $4.1 million to New York state and local candidates and political committees. In 2010, when Gov. Andrew Cuomo was elected, that number rose 73.5%, to $7.1 million, according to ...

More?  Check out http://online.wsj.com/article/SB10001424052702304432704577350314102280568.html?mod=googlenews_wsj

No comments:

Post a Comment