Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Back to Opinion

Romney Hedge Fund Mega-Donors Take Lumps

An annual ranking of the top 25 hedge fund earners brings a bit of bad news for Mitt Romney’s super PAC: A few of the super PAC’s top donors have fallen from the list.

A March Forward report counted a dozen Jews among those who had given $100,000 or more to Restore our Future, the pro-Romney super PAC. Roughly half the Jewish donors are hedge fund managers, a proportion broadly reflective of the general makeup of major donors to the committee.

The new earnings list, published late last week by the hedge fund magazine Absolute Return + Alpha, ranks the top 25 hedge fund managers by their personal earnings in 2011. Paychecks across the board were down from 2010, but some managers were hurt more than others.

Three of Romney’s top Jewish donors are among the hardest hit.

The biggest earnings blow was to Paulson, a top Jewish Romney supporter who gave $1 million to the pro-Romney super PAC in January 2011. Paulson earned $4.9 billion in 2010 and topped AR’s annual list. In 2011 Paulson suffered heavy losses and missed the list altogether.

Top Jewish Romney super PAC donors Bruce Kovner of Caxton Management and David Tepper of Appaloosa Management also both fell off the list in 2011 after placing among the top 25 personal earners in 2010.

On the other hand, Jewish Romney supporter Paul Singer of Elliott Management made his first appearance on the list this year after taking home $125 million.

Of course, the Romney backers are still billionaires many times over. So there’s little reason to think that their decreased earnings will translate into any less support for Romney’s super PAC.

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.

Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.

Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly. 

— Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.