Hedge Fund Manager Provides GOP Strategy

Though hedge fund managers have been characterized recently as leaning democratic, the head of a major hedge fund held a strategy session this week to discuss how the Republican Party can better position itself to win the mid-term elections.

Steven Cohen, CEO of SAC Capital Advisors held the GOP event with other hedge fund managers in attendance including Paul Singer of Elliot Management ($16B AUM) and Bruce Kovner from Caxton Associates. Paul Singer is one of the hedge fund industry's largest contributors to the Republican Party. Singer has also been dissaproving over Ben Bernanke and Alan Greenspan.

SAC gave 93% of its 2010 election-cycle donations to Republicans through Aug. 1

End of Super-Sized Hedge Funds?

Is the end near for huge multi-billion dollar hedge funds? According to a former principal trader at giant hedge fund SAC Capital, says last year's markets spell the end for large investment pools.

At Reuter's Private Equity and Hedge Fund Summit in New York, ex-SAC Capital Management trader Thomas Grossman said he expects "redemptions, losses and loss of talent" to shrink the sector's biggest funds.