From little acorns ... Sources: Electorial Commission; FT research Though the Conservative party continues to draw the bulk of its £14.3m donations from a broad base of Total hedge fund donations supporters, in the past decade a to the Conservative party dramatic shift has occurred. and its a liates Super-rich hedge fund managers From individuals and have become the biggest single associated companies interest group to bankroll the UK’s current main party

Election year Election year Election year

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Top 10 hedge fund industry donors to the Tories Donations to Conservative head o ce 20,000 and a liated bodies 45,250 56,680 Three individuals dominate the league table of Total Donations by Conservative donors between 2001 and 2011 donations* hedge fund 256,000 industry Michael Farmer 1 £0.5m £13.5m 2001 £20,000 468,710 0.15% of all donations to £3.47m Conservative HQ Total donations Hedge fund donations to the Conservative party £4.5m 2002 £45,000 One of the world's most Selected recipients: and its a liates (£) 1.00% successful commodity £205,296 Michael Farmer traders. His hedge fund, £1.0m £4.4m 2003 £57,000 Red Kite, has made Conservative Christian Lord Fink Fellowship 1.28% investors hundreds of Michael Hintze millions through metal £2,000 Other hedge fund donors 1.11m trading since 2005 – and Philippa Stroud earned him the nickname Special adviser to work £10.4m 2004 £186,000 Mr Copper in the City and pensions secretary. 1.78% Stood as parliamentary A strong advocate of candidate in 2010 family values and a £1.5m 1.44m committed Christian

£15.6m 2005 £399,000 Lord Fink 1.60m 2.56% 1 1.69m Donations to 2 Conservative party rise a year £2.62m before election, but £2.0m remain a fraction Total donations of total funding £19.1m 2006 £1.6m Known as the 'godfather' Selected recipients: 8.21% of the UK hedge fund industry, he is former £215,000 chief executive of FTSE Stephen O’Brien 100 listed Man Group and MP for Eddisbury, Cheshire 2 Tory co-treasurer An old friend of Lord Fink, who studied with him at Cambridge After David £2.5m 3 Has strong connections £50,000 Cameron is made to backbenchers on the Tory leader, hedge £21.1m 2007 £1.5m fund donations to right of the party and has Former defence secretary 7. 17 % been central in expanding the party soar Conservative fundraising £20,000 eorts into the hedge fund world Mayor of London

Michael Hintze £3.0m 3 Lord Fink, newly appointed £19.2m 2008 £1.3m co-treasurer of the 6.68% Tory party, donates £1.65m to start an £1.62m election-fighting Total donations war chest

Australian-born founder Selected recipients: of CQS, one of London’s £3.5m biggest hedge funds. As £38,755 well as donating hundreds £27.4m 2009 £3.8m 4 3.56m of thousands to party HQ, Chancellor of the exchequer 13.92% he has supported MPs £25,763 In election year, 4 who share his outlook a broader group Foreign secretary of hedge fund As a former army captain, managers makes he has an interest in £25,000 large donations geopolitics and defence. £4.0m He is a practising Roman Universities minister Catholic and a leading £20,439 4.03m donor to the arts Liam Fox Farmer, Fink and Hintze as % of total hedge fund donations to Conservatives and a liates £32.1m 2010 £3.5m 10.82% And the rest ... 100 82 Paul Ruddock Lansdowne Partners £571,598 70 72 Jonathan Wood SRM £535,000 60 James Lyle Millgate Capital £510,000 50 49 48 36 Hugh Sloane Sloane Robinson £472,000 31 34 £10.8m 2011 £1.1m Christopher Rokos Brevan Howard £400,850 10.38% Andrew Law Caxton Associates £388,800 * Excluding public funds, George Robinson Sloane Robinson £339,000 impermissible donors and 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 unidentified donors Figures are rounded