Hedge Fund Cash Flows to Presidential Candidates—at Puerto Rico’s Expense

 

 

Of the Democratic field, only Bernie Sanders and Elizabeth Warren have returned the money. 

Bernie Sanders and Elizabeth Warren have returned campaign contributions from individuals employed at hedge funds that have investments in Puerto Rican debt. An open letter from a coalition of progressive activist groups sent last week demanded that presidential candidates reject donations tied to the continuing misery on the island.

Thirteen presidential candidates received a total of $230,900 in donations from fifteen different hedge funds holding Puerto Rican debt. The other candidates, including Joe Biden, Kamala Harris, Beto O'Rourke, and Pete Buttigieg, have not committed to returning the money.

 

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