Today The Wall Street Journal reported Hedge-Fund Money: $48.5 Million for Hillary Clinton, $19,000 for Donald Trump by John Carney and Anupreeta Das July 29 2016. This says
The top five contributors to pro-Clinton groups are employees or owners of private investment funds, according to federal data released last week and compiled by OpenSecrets.org, the center’s website. The data show seven financial firms alone have generated nearly $48.5 million for groups working on Mrs. Clinton’s behalf.The story notes that Trump, having self-financed his campaign for the nomination, has only recently displayed interest in financial help for the General Election. But more importantly it also notes:
The total for Donald Trump: About $19,000.
In the 2008 campaign, hedge funds contributed just $14 million to Democratic candidates and groups…. to many on Wall Street, the Democrat in this election is the safer bet.Personalities backing Clinton include
J.B. Pritzker, managing partner of private investment firm Pritzker Group, who has donated $7.9 million to Clinton-friendly groups… Los Angeles media mogul Haim Saban, who controls Saban Capital Group, and his wife have contributed more than $10 million to Priorities USA Action, the main super PAC backing Mrs. Clinton… Renaissance Technologies founder James Simons has contributed $9.5 million to pro-Clinton groups. Soros Fund Management, the investment firm run by Clinton supporter George Soros, generated $7 million for Mrs. Clinton. Hedge fund Paloma Partners, whose founder Donald Sussman is another top Clinton donor, has generated $6.1 million.The story adds
The largest individual donor in this election cycle has been Thomas Steyer, the founder and former co-senior managing partner of Farallon Capital. Mr. Steyer has contributed $31 million, primarily to a group called NextGen Climate Action, which opposes Mr. Trump’s bid for the presidency.
There are no hedge funds or similar investment firms among Mr. Trump’s top contributors, according to the Center for Responsive Politics. Contributions to Mr. Trump’s campaign or pro-Trump groups from people at companies the center defines as being in the securities and investment industry totaled $109,004. Mrs. Clinton’s total for the category was $41.4 million.The WSJ got a good quote from Anthony Scaramucci whose SkyBridge Capital is reported to have given $267 to Trump so far but who is now getting more active:
“The hedge-fund community has been wrong about a lot this year…You can add this to the list.”The question for normal Americans to consider is: are Messers Pritzker, Saban, Simons, Soros, Sussman and Steyer likely to have their best interests at heart?