Top 2 Hedge Fund Managers Bankroll Hillary Clinton & Emanuel After Making $1.7 Billion Each in 2015

[imagine2015]

Top 2 Hedge Fund Managers Bankroll Hillary Clinton and Rahm Emanuel, After Making $1.7 Billion Each in 2015
Hedge fund managers James Simons and Kenneth Griffin have poured millions into the corporate Dems' campaigns.
By Ben Norton / Salon
May 12, 2016


James Simons and Kenneth Griffin were the world’s top two hedge fund managers in 2015. Each made $1.7 billion last year alone, and have used their massive wealth to bankroll the campaigns of Hillary Clinton and Rahm Emanuel, the Guardian reported. In 2015, Simons and Griffin each made as much money as 112,000 Americans working full-time on the federal minimum wage.

Simons is the 50th richest person in the world, according to Forbes. The mathematician has made an estimated $15.5 billion as CEO of the Renaissance Technologies hedge fund, and is individually richer than many countries.

He donated $13 million to support Ted Cruz’s failed presidential campaign, before jumping ship to back Hillary Clinton.

Simons has pumped more than $2 million into Clinton’s campaign to date. And his family office, Euclidean Capital, has poured more than $7 million into supporting Clinton, the Guardian noted.

Many other financial executives have joined Simons in funding Clinton. Powerful figures on Wall Street who formerly backed failed Republican candidates have instead thrown their weight behind the Democratic presidential frontrunner, hoping she can defeat presumed GOP nominee Donald Trump.

Kenneth Griffin, the other top hedge fund manager in 2015, is the founder and CEO of Citadel. He has an estimated $7.5 billion, making him the richest man in Illinois.

Griffin calls himself a “Reagan Republican” and insists the rich have “insufficient influence” on U.S. politics.

He donated more than $3 million to former Republican presidential candidates Marco Rubio, Jeb Bush and Scott Walker, all of whom dropped out of the race.

Griffin was also the biggest donor to Rahm Emanuel, who was re-elected for a second term as Chicago mayor, the Guardian highlighted.

Read the full article at:
http://www.alternet.org/economy/top-2-hedge-fund-managers-bankroll-hillary-clinton-and-rahm-emanuel-after-making-17-billion

[Jitter65]

1. Haven't you noticed: wealth envy is not working...

[Wellstone ruled]

2. Bloomberg had a story about

Kenny Boy Griffin and his Citadel hedge fund being investigated for stock manipulation via E-Trade. Has to do with Market Making activities.