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February 08, 2007
Presidential Ties to Hedge Funds
-- Pushpa Sathish, Staff Writer
If you remember him as I do, it would be for the stellar role he played in handling the disastrous consequences of that fateful day in September, 2001 when a terrorist outfit wreaked havoc on the United States. Now, Rudy W. Guiliani is making news for an altogether different reason.
The former mayor of New York City is in the limelight as he contemplates running for president next year – especially because of the large contributions that are pouring from hedge funds to his campaign fund. T. Boone Pickens and Paul Tudor Jones II stand out in the list of contributors – they run the hedge funds BP Capital Management and Tudor Investment Corporation respectively and were named by Alpha Magazine as the second and fifth highest earners among hedge fund managers.
Besides these inflows, there have been others from the employees of BP Capital Management and Elliot Associates – the latter, a hedge fund managed by Paul E. Singer, a staunch supporter of Giuliani.
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