U.S. hedge fund managers pour money into 2016 race and Trump is a factor

Democratic U.S. presidential candidate Hillary Clinton speaks during the Univision News and Washington Post Democratic U.S. presidential candidates debate in KendallMajor U.S. hedge fund managers are on pace this year to more than double the amount they gave in the 2012 election campaign, with independent fundraising groups backing Democratic presidential front-runner Hillary Clinton and Republican rival Ted Cruz receiving the most so far. About $47 million has been lavished on presidential candidates and lawmakers and the political action committees that support them by two dozen of the industry’s top managers in the first 13 months of this election season, according to a Reuters review of Federal Election Commission filings. Most of the hedge fund support going to Cruz and Clinton has come from a handful of people out of the two dozen managers studied.

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