This is the moment we’ve been waiting for. The Big Guy is running for office. No, just fucking with you (for now…). The SAC Capital founder just had some buddies over the other nights- among them, Caxton Associates’ Bruce Kovner, Elliot’s Paul Singer, Daniel Senor of Rosemont Capital and “various GOP operatives”- to discuss “how best to deploy contributions” so Republicans can win the midterm elections.

Stever, who has historically made it rain on Dems’ faces has joined a growing group of hedge fund managers switching to the other team. According to Absolute Return, SAC donated 93 percent of its 2010 election donations through August 1 to Republicans (after giving 71% to Democrats in 2008). As deposits have already been placed on two-man elephant costumes for SAC employees to wear on election night, he’s going to be supremely pissed if someone fucks this up. [AR]

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Comments (8)

  1. Posted by guest | August 27, 2010 at 3:45 PM

    options trader, how do you feel about this?

    - guy who’s rubbing his hands in anticipation of options trader going off at some point in this posts comments.

  2. Posted by guest | August 27, 2010 at 3:45 PM

    options trader, how do you feel about this?

    - guy who’s rubbing his hands in anticipation of options trader going off at some point in this posts comments.

  3. Posted by Guest | August 27, 2010 at 5:38 PM

    Correct grammar is Dem’s face.

    -A. Kutcher

  4. Posted by Lil Wayne | August 27, 2010 at 6:35 PM

    Hey guys, as you know I’ve been away for min or two and was wondering where on line is the full vanity fair article.

  5. Posted by OptionsTrader | August 27, 2010 at 7:00 PM

    Strategy:

    “Instead of focusing on our loss let’s focus on the good things:

    1) we tried our best
    2) we had a lot of fun
    3) we’re all still dear friends”

  6. Posted by Mitch Cumstein | August 27, 2010 at 11:32 PM
  7. Posted by Anonymous | August 29, 2010 at 8:34 PM

    Blaming Obama and switching support to Republicans works out really well if you have to explain bad performance to investors. Brown bugs in the woodpile and all that.

    *

    Besides a general affinity for low taxes and slack regulation, I wonder what the Republicans, if in power, plan to do to create jobs while not fellating the deficit.

  8. Posted by Guest | August 30, 2010 at 1:26 PM

    Nothing. Note how none have any sort of plan created… other than lowering taxes… maybe we should lower them to 0%. I think that’ll work out well.

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