Hedge-Fund Money: $48.5 Million for Hillary Clinton, $19,000 for Donald Trump

Political donations from people at hedge funds have vaulted this election, and far more has gone to the Democratic nominee than to the Republican

Hedge funds are playing a far bigger role in 2016 than in past elections—and Hillary Clinton has been the single biggest beneficiary.

Owners and employees of hedge funds have made $122.7 million in campaign contributions this election cycle, according to the nonpartisan Center for Responsive Politics—more than twice what they gave in the entire 2012 cycle and nearly 14% of total money donated from all sources so far.

The lines around what constitutes a hedge fund aren’t always clear in the data, or in the financial industry. But the numbers are stark. The top five contributors to pro-Clinton groups are employees or owners of private investment funds, according to federal data released last week and compiled by OpenSecrets.org, the center’s website. The data show seven financial firms alone have generated nearly $48.5 million for groups working on Mrs. Clinton’s behalf.

http://www.wsj.com/articles/hedge-fund-money-48-5-million-for-hillary-clinton-19-000-for-donald-trump-1469784601?mod=e2fb

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Brexit strips world’s 400 richest people of $127bn - Bloomberg

Brexit-caused losses of the world’s 400 richest people amounted to an eye- watering $USD127.4 billion in a single day, Bloomberg estimates. Rich Britons have lost a “mere” $5.5 billion, according to reports.

The British voters’ decision to leave the European Union caused profound ripples in all major global equity markets.

https://www.rt.com/business-projects/348345-richest-people-losses-brexit/

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REPORT: 82 corporations that paid for Hillary Clinton speeches have actively sought to sway the government

Nearly three dozen of Clinton's benefactors spent more than $1 million annually on contacts with officials and Congress during the same year they paid her to appear at their corporate or association events, according to federal lobbying records. Many earned millions more in government contracts — indications of the regulatory and policy stances the groups might advocate during a Clinton presidency.

http://www.businessinsider.com/firms-that-paid-for-clinton-speeches-have-government-interests-2016-4?utm_source=digg

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