Hedge Fund Bigwigs to Christie?

New Jersey Governor and 2012 presidential tease can Chris Christie gets some support from the hedge fund industry if he actually decides to run.

A meeting of potential donors established by Kenneth Langone, co-founder of Home Depot, took place at a Manhattan on Tuesday, a Politico.com-report.

Participants with billionaire hedge fund managers Stanley Druckenmiller, founder of the now closed Duquesne capital and Paul Tudor Jones of Tudor investments.

Politico reported that participants in the room complained that they voted for President Barack Obama but was now "greatly disappointed" with what they saw as him carrying on "class warfare."

Hedge fund managers have shrink from supports Obama's 2012 presidential run in opposition to his call for the regulation of the hedge fund industry. Obama has tried to bring them back into the fold while his choice requires an elimination of the tax break for hedge funds and private equity managers as part of the debt ceiling talks.

But Christie when entertaining offers to become a candidate, whether from Iowa businessmen or hedge fund bigwigs, keeps repeating the mantra that he did not run for any higher office. He did so again at Manhattan meeting when he said, "I do not run, but I came because Langone is so aggressive, he basically just physically shook me up."

Christie also is said to have told them at the meeting that he believed he could win if he ran but was forced to take into account the implications of serving in the White House on his family.

Jones and Druckenmiller is not the only two hedge funds bigwigs who would like to see a Christie Presidency. David Tepper Appaloosa management and Pennant Capital Management co-founder Alan Fournier has expressed his support of Christie's education policy in New Jersey as more Charter schools.

A representative of Gov. Christie would not be reached immediately for comment by HedgeFund.net on the report. A representative of Jones did not return a call before the deadline for this article. Druckenmiller could not be reached for comment.

Go to the Newsweek article

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