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!
  • Lusia Horowitz left pre-state Israel to fight fascism in Spain — and wound up being captured by the Nazis and sent to die at Auschwitz. Share her remarkable story — told in her letters.
  • Vered Guttman doesn't usually get nervous about cooking for 20 people, even for Passover. But last night was a bit different. She was cooking for the Obamas at the White House Seder.
  • A grumpy Jewish grandfather is wary of his granddaughter's celebrating Easter with the in-laws. But the Seesaw says it might just make her appreciate Judaism more. What do you think?
  • “Twist and Shout.” “Under the Boardwalk.” “Brown-Eyed Girl.” What do these great songs have in common? A forgotten Jewish songwriter. We tracked him down.
  • What can we learn from tragedies like the rampage in suburban Kansas City? For one thing, we must keep our eyes on the real threats that we as Jews face.
  • When is a legume not necessarily a legume? Philologos has the answer.
  • "Sometime in my childhood, I realized that the Exodus wasn’t as remote or as faceless as I thought it was, because I knew a former slave. His name was Hersh Nemes, and he was my grandfather." Share this moving Passover essay!
  • Getting ready for Seder? Chag Sameach! http://jd.fo/q3LO2
  • "We are not so far removed from the tragedies of the past, and as Jews sit down to the Seder meal, this event is a teachable moment of how the hatred of Jews-as-Other is still alive and well. It is not realistic to be complacent."
  • Aperitif Cocktail, Tequila Shot, Tom Collins or Vodka Soda — Which son do you relate to?
  • Elvis craved bacon on tour. Michael Jackson craved matzo ball soup. We've got the recipe.
  • This is the face of hatred.
  • What could be wrong with a bunch of guys kicking back with a steak and a couple of beers and talking about the Seder? Try everything. #ManSeder
  • BREAKING: Smirking killer singled out Jews for death in suburban Kansas City rampage. 3 die in bloody rampage at JCC and retirement home.
  • Real exodus? For Mimi Minsky, it's screaming kids and demanding hubby on way down to Miami, not matzo in the desert.
  • 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.