Steve Cohen Republican Strategy
Steve Cohen, Managers & GOP Strategists Plan Midterms
Kovner, Singer and Senor are long-time supporters of conservative causes.
Among hedge funds, Singer’s Elliott Management is the top contributor to Republicans so far for the 2010 election cycle, giving a total of $1.1 million away, 97% of it to the GOP, according to the Center for Responsive Politics, a non-partisan influence tracking group.
Cohen’s SAC recently switched allegiances, giving 93% percent of its total 2010 election cycle donations to Republicans (approximately $193,000 of $207,850) through August 1, according to CRP. By contrast, SAC gave 71% of $608,694 (about $432,000) to Democrats during the 2008 election cycle. Much of it went to Chris Dodd, senator from his home state of Connecticut, who was a primary candidate for President and head of the Senate Committee on Banking, Housing and Urban Affairs.
That switch is part of a broader trend of the hedge fund industry switching its allegiance to Republicans after donating heavily to Democrats in recent years Source