NewsMax.com – Top hedge fund managers are pouring money into U.S. political campaigns ahead of November’s congressional elections as the government considers what to do about the lightly policedhedge fund industry.
Campaign finance records show 20 of the most successful U.S. hedge fund managers have pumped more than $3.1 million into campaigns so far in 2005-2006, up from about $1.1 million by the same group in the last mid-term election cycle.
By far the biggest donor is George Soros, of Soros Fund Management, who has given more than $2.3 million in this cycle to Democratic candidates or groups, up from $112,500, according to PoliticalMoneyLine, a campaign finance research group.
“Soros is such a massive donor. He has huge impact,” said Donald Green, professor of political science at Yale University. “I wouldn’t say he’s in a class by himself because there are such people. But he’s unusual.”
