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Billionaire Hedge Fund Leaders Join Ricketts’s Super-PAC

Bloomberg – Two billionaire hedge fund executives have joined Ameritrade founder Joe Ricketts’s super-political action committee as it works to elect Republicans to Congress, a U.S. Federal Election Commission report showed.

Paul Singer, president of New York-based Elliott Management, wrote a check for $350,000 to the Ending Spending super-PAC, and Baupost Group, the Boston hedge fund run by Seth Klarman, gave $450,000. Ricketts, also a billionaire, gave another $550,000, according to the report filed yesterday. Those three donations accounted for all of Ending Spending’s $1.35 million total for the first three months of this year.

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