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June 29, 2009

Tel: City figures donating millions to Tories

By Spear's

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.

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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To read the full article, visit telegraph.co.uk

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