When he ran for president in 2008,Barack Obama enjoyed especially enthusiastic support from liberals, college kids and, surprisingly, many hedge fund managers. But as the country gears up for one of the most crucial - and cantankerous-midterm elections ever, several of the smart-money set who say they're not beholden to any party have pledged allegiance to the GOP. One household-name hedge fund manager who considers himself a "middle-of-the-road guy" insists that "people who voted for Obama are disillusioned." As Kenneth Gross, a Skadden Arps partner who leads that firm's political law practice, points out, "Hedge funds tend to be more ideological, but even ideological money has moved away from the Obama Administration."
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