{"id":31949,"date":"2012-10-16T12:11:44","date_gmt":"2012-10-16T16:11:44","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=31949"},"modified":"2012-10-16T15:19:29","modified_gmt":"2012-10-16T19:19:29","slug":"hedge-funds-take-5-of-the-top-10-spots-as-donors-to-romney-victory-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2012\/hedge-funds-take-5-of-the-top-10-spots-as-donors-to-romney-victory-fund.html","title":{"rendered":"Hedge Funds take 5 of the top 10 spots as donors to Romney Victory Fund"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.Net) \u2013 After federal disclosures were filed on Monday, the Reuters team put together a handy list of the top 10 firms who donated to the Romney Victory fund<\/a>.<\/p>\n

The Romney Victory fund is a joint fund lead by a fund-raising committee composed of Romney for President, Inc. (\u201cRFP\u201d), the Republican National Committee (\u201cRNC\u201d) and other Republican organizations. The fund is structured to get around the fund-raising limits which are imposed on direct contributions to the political candidates.<\/p>\n

Hedge funds and Private Equity funds took 5 of the top 10 donors on the list.<\/p>\n

Second place Kohlberg Kravis Roberts donated $986,400.<\/strong> KKR was recently in the news<\/a> for being part of an investigation by Eric Schneiderman, Attorney General of New York. The investigation spanned multiple hedge funds, including Bain Capital, and looked into the practice of re-investing hedge fund management fees to avoid paying federal income tax. KKR converted over 180 million dollars in fees between 2007 and 2009, saving millions in taxes.<\/p>\n

Fourth Place: Elliott Management donated $812,750<\/strong>. Fortune called Paul Singer, founder of the $19 billion hedge fund Elliott Management, “Mitt Romney’s Kingmaker.” Not only has his firm donated $812,750, but personally has donated 1 million to the Romney super PAC “Restore the Future” as well as over $220,000 to 31 Republicans in races across the country. Mitt Romney’s financial disclosures show that Romney’s trust fund has at least $1 million invested in Elliott Management.<\/p>\n

Fifth Place: Bain Capital donated $810,660.<\/strong> No explanation needed here, Mitt Romney was the Co Founder and CEO at\u00a0 Bain Capital for 18 years.<\/p>\n

Seventh Place H.I.G. CAPITAL donated $706,750<\/strong>. The Private Equity firm HIG Capital has close ties to Mitt Romney and BAIN capital. H.I.G founder, Tony Tamer was a former partner at Bain and Company, and 10 other of the partners and directors also worked at BAIN. Political Blog The Daily Dolt recently criticised H.I.G Capital<\/a> for it’s large investment in Hart InterCivic. Hart InterCivic is a national provider of election voting systems.<\/p>\n

Ninth Place Blackstone Group donated $465,779.<\/strong> The Private Equity Heavy Weight, Blackstone Group is a powerful player in the Asian market. As part of their IPO in 2007 China Investment Company (CIC), a sovereign wealth fund responsible for managing part of the People’s Republic of China’s foreign exchange reserves,\u00a0 invested $3 Billion into Blackstone<\/a>. An additional $500 Million investment was made by CIC in 2009.<\/p>\n

Aaron Wormus
\nHedgeCo.net<\/p>\n

HedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership inHedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) \u2013 After federal disclosures were filed on Monday, the Reuters team put together a handy list of the top 10 firms who donated to the Romney Victory fund. The Romney Victory fund is a joint fund lead […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3,16041],"tags":[],"class_list":["post-31949","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news","category-politics"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=31949"}],"version-history":[{"count":9,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31949\/revisions"}],"predecessor-version":[{"id":31951,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31949\/revisions\/31951"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=31949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=31949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=31949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}