In 3 Months Hedge Funds Donate £1.3M to Conservative Party
In the space of only three months, hedge fund chiefs have donated a total cash consideration of £1.32 million to the Conservative Party, according with source.
The money from 18 individuals and companies made up around a quarter of the total amount given to the Tories between September and December 2013, the latest Electoral Commission figures show. Longstanding Tory donor Michael Farmer, of RK Capital Management, gave the largest donation out of the group, with £267,000, followed by James Lupton of Greenhill with £259,000 and Christopher Rokos of Brevan Howard, who donated £230,000. Ten of the 18 donors, including these three, attend the exclusive leaders' group dinners with David Cameron and other senior Cabinet ministers.
Labour claimed the figures showed that Mr Cameron relies heavily on funding from hedge fund bosses. Michael Dugher, shadow Minister for the Cabinet Office, linked the donations to George Osborne's scrapping of stamp duty reserve tax on funds, worth £145m to hedge fund companies.Source: The Independent