Hedge Funds 'Elect' Democrats in '08 Race

The groups gave more money to Democrats in the 2004 presidential election than to Republicans. The congressional battle in 2006 saw a similar outcome. For 2008, the trend is continuing, according to the Center for Responsive politics. The group calls itself a non-partisan campaign finance research organization.

Hedge fund and private equity donations totaled $6.4 million in 2007 for presidential candidates. The distribution was 59.7 percent for Democrats and 40.3 percent for Republicans.

While the individual limits for donors is $2,300, individuals at a company can combine to generate a greater sum. The totals were calculated from Federal Election Commission data released February 1.

Among the major candidates still running, Democratic New York Sen. Hillary Clinton received $1,266,342. Illinois Sen. Barack Obama took in $1,040,185.

For Republicans, Arizona Sen. John McCain received $394,850. Former Arkansas Gov. Mike Huckabee received $5,150.

Notable gainers no longer in the race include former Republican New York City Mayor Rudy Giuliani, who received $1,241,600.Democratic Sen. Christopher Dodd of Connecticut received $999,450. Former Massachusetts Governor Mitt Romney received $837,125.

Here is a list of candidates and their donations for the 2008 presidential race.

Hillary Clinton (D) $1,266,342

Rudolph W. Giuliani (R) $1,241,600

Barack Obama (D) $1,040,185

Christopher J. Dodd (D) $999,450