Monday, October 16, 2006

So Much for Country Club Republicans

Absolute Return magazine, a Hedge Fund Intelligence publication, tracks the political donations of the top 50 hedge fund companies. Of the $4.9 million in political donations they found, 81% percent went to Democrats and 18% went to Republicans.

2 Comments:

Blogger Tax Shelter said...

This is very interesting. One would think that at the very least it should be 50/50. How come 81% went to the Democrats? Perhaps one or two big donners skewed the distribution? That would be my guess. Another interesting thing is its only $4.9 million in total. I would have expected much more. In fact, I would bet that most likely this figure is wrong. If so, then can we still trust these percentages?

10:07 PM  
Blogger Donny Baseball said...

I'm sure there is more money involved that is not traceable to the firms directly but through other channels of giving. And yes, while some firms did skew the giving, like Soros, a good number, over 10, gave 100% to Dems. Only two gave 100% to Reps.

10:40 PM  

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