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Revolving Door Capitol Hill to Hedge Funds

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RAINING ON THE PARTY
"More than half the 83 lobbyists registered last year to work for the industries’ two trade groups, the Private Equity Council and the Managed Funds Association, have served in government — from Capitol Hill to the Treasury Department," Politico reports. "Hedge fund managers, Weissman said, are in the business of using inside information to make money, a model they’ve successfully translated to Washington, where they’ve built the relationships they are now trading on. “They have lots of money, and they know how to deploy it effectively to gain influence — and that’s through campaign contributions and connected lobbyists. And they’re doing it with a high level of sophistication and success,” he said."



SOURCE:   Politico

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