Romney’s hedge fund sugardaddys will party big on election night – here is the where each individual hedgie plan to break out the champagne and party. Models and bottles!
John Paulson, who made billions betting on the collapse of the U.S. housing market, is hosting a small election party at his Upper East Side townhouse. Paulson, whose Paulson & Co hedge funds have endured two rough years, has long been a reliable host for Romney events, throwing parties for the candidate at his summer and regular residences.
Anthony Scaramucci, founder of investment firm Skybridge Capital, organizer of the popular SALT hedge fund conference in Las Vegas and a long-time Romney supporter is heading to Boston. Paul Singer, who runs the $20 billion Elliott Associates hedge fund and has been another strong Romney supporter, was invited to spend the evening in Boston but his plans are unknown.
People familiar with the campaign say Romney’s biggest donors and fundraisers will be attending a private party at the Westin Hotel next to the Boston Convention and Exposition Center, where Romney is scheduled to speak after the election results are announced.
Julian Robertson will be in Boston, where Romney and his family will be watching the results come in.
Robertson and Romney have known each other for decades, going back to when Romney was running Bain Capital and Robertson’s Tiger Management was one of the largest hedge funds around. At the height of Tiger’s success, the fund was overseeing more than $20 billion.
Conventional wisdom suggests that if Romney defeats President Barack Obama, he will be less likely to raise taxes on the rich and will ease off on tough regulation of Wall Street. The stock market is expected to rise as a result.
It is a scenario that appeals to many hedge fund managers, many of whom feel Obama has demonized Wall Street and the rich in general while backing tougher regulations on the financial sector.
Joining Robertson in Boston will be other big donors to the Romney campaign, including New York Jets owner Woody Johnson and controversial casino magnate Sheldon Adelson, who has emerged as one of the biggest contributors to Republican candidates this year.