City benefactors have donated millions of pounds to the Conservative Party since the start of the year as the party prepares for a general election.
From the Daily Telegraph:
City benefactors have donated millions of pounds to the Conservative Party since the start of the year as the party prepares for a general election.
The growing support from City donors was demonstrated last week with more than £500,000 raised at the Conservative Party Summer Fundraiser at Old Billingsgate.
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Hedge fund managers and City advisers have been among the most generous donors, pledging hundreds of thousands of pounds to the Conservatives.
Paul Ruddock, co-founder of Lansdowne, the hedge fund that made tens of millions betting on the demise of UK banks, donated £50,000 in the first three months of the year, according to the electoral Commission register.
Hugh Sloane, co-founder of Sloane Robinson, donated £25,000, while Private Investor Capital donated £15,000.
Money manager – Clerville Investment Management – donated £50,000 and Greenhill investment banker James Lupton donated £25,000. Mint, the London based agency broker, gave £13,000.
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