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 ...
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