Mon, Apr 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund managers turn to high profile political bets

Wednesday, February 19, 2014

Bailey McCann, Opalesque New York:

Hedge fund managers whose political ideals fall on both sides of the isle made news today with their political ambitions. Retired hedgie Tom Steyer has announced a significant investment in US politics designed to make climate change the defining issue of the next US campaign cycle. Steyer established his political track record last year spending $11m to successfully elect Terry McAuliffe governor of Virginia.

Earlier this month Steyer held a private meeting on the issue at his ranch. According to a New York Times article on the plan, Steyer plans to use his California-based headquarters to funnel money into races including the governor’s race in Florida, and the Senate race in Iowa.

Steyer was previously with Farallon Capital Management, where he became a billionaire. He joins the growing ranks of single-issue super PACs with the likes of former New York City Mayor Michael Bloomberg.

Paul Singer of Elliot Associates is also in the PAC game and plans to stand up for the right through his own group the the American Opportunity Alliance. The Alliance is already backed by a number of big ticket GOP donors, and isn't the first time Singer has been involved in a PAC-style campaign effort. Opalesque ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner