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Hedge Fund Megadonors Capitalize On Offshore Opportunities

January 01, 1970 | Center for Responsive Politics | News
On the list of the largest U.S. companies by market value, those in the $30 billion to $45 billion range are household names: Capital One Financial, DirecTV, Phillips 66, Yahoo. But far fewer people know much, if anything, about Citadel Multi-Strategy Equities Master Fund Ltd., with a gross asset value of $33 billion, or Elliott International, L.P., at $30.8 billion, or AQR Style Premia Master Account, valued at $16.6 billion. All are hedge funds organized under the laws of the Cayman Islands. They’re also just a handful of the funds under the control of some of the biggest political donors in the nation: Kenneth C. GriffinPaul Singer and Cliff Asness.
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