Hedge Fund Titans Choosing Hillary Clinton Over Top RepublicansSaijel Kishan and Rebecca Spalding
Hillary Clinton received donations from some of the biggest names in the hedge fund industry, including Paul Tudor Jones, even as the presidential candidate wants to boost their tax rate.
Jones, the billionaire founder of Tudor Investment Corp., Jamie Dinan, who started York Capital, and Neil Chriss, who runs Hutchin Hill Capital, each contributed the maximum $2,700 to Clinton’s bid for the White House, according to Federal Election Commission filings for the second quarter.
Clinton, who’s made closing the wealth gap the centerpiece of her campaign, lured more donations from boldface industry names than Republican candidates 16 months before the election. Hedge fund managers, their employees and family members donated at least $54,000 to Clinton, a Democrat, according to the FEC. Republicans Jeb Bush got at least $27,000, Marco Rubio took in at least $10,800 while Carly Fiorina received at least $4,200.
“Something is wrong when CEOs earn more than 300 times than what the typical American worker earns and when hedge fund managers pay a lower tax rate than truck drivers or nurses,” Clinton said in May.
The candidate’s populist rhetoric didn’t dissuade many managers from supporting her. They include Frank Brosens, co-founder of Taconic Capital Advisors, Mitchell Julis, co-founder Canyon Partners, David Shaw, the billionaire founder of D.E. Shaw & Co., BlueMountain Capital Management Managing Partner James Staley, Jake Gottlieb, who runs Visum Asset Management, and Richard Perry, who heads Perry Capital.
Bush, Rubio and Fiorina drew a smaller cohort of top hedge fund managers.
Bush drew support from Dan Loeb, the billionaire founder of Third Point, Scott Kapnick, who runs Highbridge Capital Management, and Robert Pohly, founder of Samlyn Capital. Hudson Bay’s Sander Gerber and Bracebridge Young, chief executive officer of Mariner Investment Group, also donated to the candidate.
Rubio got contributions from Paul Singer, the billionaire investor who runs Elliott Management, and Greg Jensen, co-CEO of Bridgewater Associates. Fiorina won the backing of billionaire John Paulson of Paulson & Co.
Julis of Canyon Capital donated to both Clinton and Fiorina, while Omega Advisors’ Steve Einhorn gave money to Bush, Rubio and Fiorina.
Jonathan Soros, the son of billionaire George Soros who runs his own firm, JS Capital, also gave money to Clinton.