Tweet As I noted previously, I couldn't immediately see an obvious reason why a New York based hedge fund would suddenly decide to donate £40,000 to the Conservatives in Carmarthen West and South Pembrokeshire. It seemed a very odd connection to me.
It has been hard to establish much by way of hard information about the company concerned, Christofferson, Robb. Like all companies in their line of business, they tend to secrecy. Even their web site provides only a single page of information – and doesn't say a lot – unless you have a username and password.
However, I have established that the company was founded in 2002 by Richard Robb and one Johan Christofferson. Now someone called Johan Christofferson was, until recently, one of the hunt masters at the Isle of Wight Hunt. Could this possibly be the same person? It's not exactly a common name.
If it is, it would explain much. The Conservative candidate for this constituency is currently the Chief Executive of the Countryside Alliance, committed to repealing the laws on hunting. Putting all of this together would mean, of course, that the Tory campaign in this constituency is being bankrolled by a former huntmaster using profits from a hedge fund which short sells shares in financial institutions and deals in the sort of mortgage-based securities which have been such a major factor in the recent financial turmoil.
It would also fit with the persistent rumours within the Tory camp locally that the party has been taken over by a group obsessed with a single issue – hunting.
How true? - We should ask of economic theories not: “are they true?” but rather “how true are they?” I was reminded of this by Noah Smith’s piece pointing out that Fri...
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