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Jay Singh is a finance enthusiast. Reading and blogging about finance in general and hedge funds in particular is both a passion and a professional way to find opportunities. Currently, Jay mainly advises on global private equity but previously managed publicly-traded instruments both for... More
  • Who Was Long Romney With An Obama Hedge 0 comments
    Nov 12, 2012 1:03 PM | about stocks: JPM, GS, WFC, GOOG, MSFT, C, BAC, OUBS, MS

    Here is a list of Top Contributors to Mitt Romney Campaign.*

    The top five are: Goldman Sachs ($994,139), followed by Bank of America ($921,839), Morgan Stanley ($827,255), JPMorgan Chase ($792,147), and Credit Suisse Group ($618,941).

    The list is further inundated with other bulge brackets: Wells Fargo ($598,379), Citigroup ($465,063), Barclays ($428,250), UBS ($400,390), Blackstone Group ($360,225) and Bain Capital ($279,220).

    You can also look at the Top Contributors to Barack Obama Campaign.*

    The list is markedly different, headed by University of California ($1,092,906), Microsoft ($761,343) and Google ($737,055).

    What is most interesting is that some of the top contributors to the Mitt Campaign also had significant contributions to the Obama Campaign: Goldman Sachs ($184,925), Bank of America ($237,235), Morgan Stanley ($212,572), JP Morgan Chase ($268,260), Credit Suisse Group ($70,156), Citigroup ($191,904) and UBS ($113,402). This translates approximately to a net exposure of 80% to Romney Campaign with a 20% hedge on Obama Campaign.

    (* We feel obliged to insert opensecrets.org disclaimer: This table lists the top donors to this candidate in the 2012 election cycle. The organizations themselves did not donate, rather the money came from the organizations' PACs, their individual members or employees or owners, and those individuals' immediate families. Organization totals include subsidiaries and affiliates.)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Elections, Obama, Romney, Banks Stocks: JPM, GS, WFC, GOOG, MSFT, C, BAC, OUBS, MS
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