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Who Hedge Fund Managers Backed In The NYC Mayoral Primary

New York (HedgeCo.Net) – Prominent NYC hedge fund managers came up empty in the NYC Democratic mayoral primary, Absolute Return reported today.

Dan Loeb (Third Point), Robert Ziff (Och-Ziff) and Peter McKown (Prince Street) were among those giving big to losing candidate Christine Quinn. George Soros was one of the few to back the Democratic winner Bill de Blasio, while David Tepper (Appaloosa), Carl Icahn and others correctly picked GOP winner Joe Lhota.

Huffington Post reports: “The top vote-getter in Tuesday’s Democratic primary, Public Advocate Bill de Blasio, was the most vocally anti-Bloomberg of the major candidates, railing against the mayor’s pro-police, pro-development, pro-business, pro-trickle-down politics. On the Republican side, Joe Lhota, a one-time deputy mayor to Rudolph Giuliani, handily won his party’s nomination after tying himself closely to many of Bloomberg’s policies.”

Capturevia Absolute Return magazine

The NYT has some interesting graphics here.

Editing by Alex Akesson
For HedgeCo.net
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