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Mill Valley hedge fund managers spend big to promote anti-union initiative and defeat tax measure

Marin Independent - Two partners in the same Mill Valley-based hedge fund, SPO Partners, have contributed about $1.75 million to help defeat Proposition 30 and to promote Proposition 32.

William Oberndorf has emerged as one of the top contributors, giving $1.1 million to a “Small Business, No on 30/Yes on 32″ political action committee. John Scully has given $500,000 to the same committee. Oberndorf has also contributed another $150,000 directly to the Yes on 32 campaign.

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