Forward Thinking

Romney Hedge Fund Mega-Donors Take Lumps

By Josh Nathan-Kazis

  • Print
  • Share Share

An annual ranking of the top 25 hedge fund earners brings a bit of bad news for Mitt Romney’s super PAC: A few of the super PAC’s top donors have fallen from the list.

A March Forward report counted a dozen Jews among those who had given $100,000 or more to Restore our Future, the pro-Romney super PAC. Roughly half the Jewish donors are hedge fund managers, a proportion broadly reflective of the general makeup of major donors to the committee.

The new earnings list, published late last week by the hedge fund magazine Absolute Return + Alpha, ranks the top 25 hedge fund managers by their personal earnings in 2011. Paychecks across the board were down from 2010, but some managers were hurt more than others.

Three of Romney’s top Jewish donors are among the hardest hit.

The biggest earnings blow was to Paulson, a top Jewish Romney supporter who gave $1 million to the pro-Romney super PAC in January 2011. Paulson earned $4.9 billion in 2010 and topped AR’s annual list. In 2011 Paulson suffered heavy losses and missed the list altogether.

Top Jewish Romney super PAC donors Bruce Kovner of Caxton Management and David Tepper of Appaloosa Management also both fell off the list in 2011 after placing among the top 25 personal earners in 2010.

On the other hand, Jewish Romney supporter Paul Singer of Elliott Management made his first appearance on the list this year after taking home $125 million.

Of course, the Romney backers are still billionaires many times over. So there’s little reason to think that their decreased earnings will translate into any less support for Romney’s super PAC.


Permalink | | Share | Email | Print | Filed under: Absolute Return, hedge fund, mitt romney, restore our future

The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.




Find us on Facebook!
  • "I’ve never bought illegal drugs, but I imagine a small-time drug deal to feel a bit like buying hummus underground in Brooklyn."
  • We try to show things that get less exposed to the public here. We don’t look to document things that are nice or that people would like. We don’t try to show this place as a beautiful place.”
  • A new Gallup poll shows that only 25% of Americans under 35 support the war in #Gaza. Does this statistic worry you?
  • “You will stomp us into the dirt,” is how her mother responded to Anya Ulinich’s new tragicomic graphic novel. Paul Berger has a more open view of ‘Lena Finkle’s Magic Barrel." What do you think?
  • PHOTOS: Hundreds of protesters marched through lower Manhattan yesterday demanding an end to American support for Israel’s operation in #Gaza.
  • Does #Hamas have to lose for there to be peace? Read the latest analysis by J.J. Goldberg.
  • This is what the rockets over Israel and Gaza look like from space:
  • "Israel should not let captives languish or corpses rot. It should do everything in its power to recover people and bodies. Jewish law places a premium on pidyon shvuyim, “the redemption of captives,” and proper burial. But not when the price will lead to more death and more kidnappings." Do you agree?
  • Slate.com's Allison Benedikt wrote that Taglit-Birthright Israel is partly to blame for the death of American IDF volunteer Max Steinberg. This is why she's wrong:
  • Israeli soldiers want you to buy them socks. And snacks. And backpacks. And underwear. And pizza. So claim dozens of fundraising campaigns launched by American Jewish and Israeli charities since the start of the current wave of crisis and conflict in Israel and Gaza.
  • The sign reads: “Dogs are allowed in this establishment but Zionists are not under any circumstances.”
  • Is Twitter Israel's new worst enemy?
  • More than 50 former Israeli soldiers have refused to serve in the current ground operation in #Gaza.
  • "My wife and I are both half-Jewish. Both of us very much felt and feel American first and Jewish second. We are currently debating whether we should send our daughter to a Jewish pre-K and kindergarten program or to a public one. Pros? Give her a Jewish community and identity that she could build on throughout her life. Cons? Costs a lot of money; She will enter school with the idea that being Jewish makes her different somehow instead of something that you do after or in addition to regular school. Maybe a Shabbat sing-along would be enough?"
  • Undeterred by the conflict, 24 Jews participated in the first ever Jewish National Fund— JDate singles trip to Israel. Translation: Jews age 30 to 45 travelled to Israel to get it on in the sun, with a side of hummus.
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.