A hedge fund is an offshore investment fund, typically formed as a private limited partnership that engages in speculation using credit or borrowed capital.
It employs complex investment techniques that critics believe corrupt the market system, giving the investors opportunity to exploit the market system to their advantage. Many observers have advised in the past that it is a sector that should be banned from funding the campaigns of politicians, due to the danger that the investors can force the politicians they sponsor to pass laws that will favor them when they win power.
However, despite the advice, it has emerged that Hillary Clinton, a candidate contesting for the office of the president of the United States, has been relying on donations from hedge fund investors to run her campaign in order to get to the White House in Washington.
Breitbart reports that according to the review of donations by hedge fund owners and employees, Clinton has so far received up to a whopping $122.7 million in political donations from hedge fund investors. However, this is a sharp contrast to what is happening in the camp of her opponent, Donald Trump. Trump is said to have received only $19,000 from hedge fund investors for his campaign. The business man is believed to be using his own money and donations from individuals to run his campaign, and comes nowhere near Clinton in terms of money for the political contest.
According to the Wall Street Journal, the amount given to Clinton by investors in the hedge fund sector is more than twice what they gave in 2012, constituting a whopping 14% of all money donated to the Democratic nominee so far.
Details of the review by the hedge fund investors showed that Clinton’s top five donors are owners or employees of investment firms. Seven of such firms have contributed up to $48.5 million to her campaign.
It also revealed that hedge fund investors also donated to Republicans. However, the donation went to candidates who were contesting Trump for the nomination of the party. The Wall Street Journal affirms that the only money Mr. Trump has received from the sector so far, amounts to only $19,000.
Commentators say the massive donations the investors have made to the Clinton campaign, show the contradiction in the public speeches of the Democratic nominee. Clinton has said in some of her speeches that she is determined to end such practices used by big firms in the country.
However, the firms she is hoping to get tough on when elected, are the ones funding her campaign. It is even said that at the early stage of her campaign, with the help of her husband [Bill Clinton], she made more than $21 million delivering closed-door speeches to dozens of big banks, hedge fund companies, and investment firms. This therefore makes her promise of taking the big businesses to task when elected a farce, according to some observers.
Political commentators critical of the big firms in the United States, say the old practice in Washington is that those who proclaim long lists of regulations during their election campaigns, often find high donations from those who would be regulated. This makes the political leaders unable to act, since the people they are meant to regulate are the same people who helped ensure their position.
As it stands now, Trump has tried as much as possible to stay away from the sources that are providing Clinton with her campaign funds. Many analysts believe Trump has an edge over Clinton, and will indeed get tough on the big firms if elected – especially since he is not taking money from them. Trump has now started to reinforce his message that Clinton will represent the interests of the big businesses, neglecting the masses. Trump often uses the word ‘Crook’ to refer to Clinton in his statements on social media.
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