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Private-Equity And Hedge-Fund Donors Dominate New Barack Obama Foundation


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private-equity-and-hedge-fund-donors-dominate-new-barack-obama-foundationDaily Caller:

Hedge-fund and private-equity founders dominate the early giving to the new Barack Obama Foundation, which is raising money for the official Obama Presidential Library, according to a Daily Caller News Foundation analysis.


Six of the eleven contributors are high-profile hedge-fund and private-equity firm owners, according to the foundation’s 2014 IRS Form 990 filing.


Unlike Obama, who has publicly scorned private-equity and hedge-funds, the foundation seems to have no aversion taking money from multi-millionaires and billionaires who run investment powerhouses for wealthy clients.


Martin Nesbitt, the foundation’s chairman and reportedly Obama’s “best friend,” has raised $5.4 million for the library to date, nearly twice the amount President Clinton raised at the comparable point in his second term, according to Politco.Scissors-32x32.png


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