Some Wall Street executives have privately expressed concerns about the Republican nominee
by John Carney and Anupreeta Das
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 Clinton’s behalf.