Hillary Clinton left Iowa to attend a fundraiser last night with an investment mogul. The fundraiser took place in Philadelpia.
Jon Bon Jovi was exptected to serenade the crowd with an acoustic set.
“Democratic presidential candidate Hillary Clinton will visit Philadelphia on Jan. 27 for a fund-raiser hosted by a group that includes lawyer-turned-investment mogul Michael C. Forman and former State Rep. Michael Gerber (D., Mont.) at their $17 billion ‘alternative investments’ firm, Franklin Square Capital Partners.
“Rocker Jon Bon Jovi will play an acoustic set for donors – including ‘friends,’ who give at least $1,000; ‘family,’ couples and kids, who get their photos snapped with the candidate for $2,700 (that’s also the limit donors may give to each of the primary and general elections); and ‘hosts,’ who bundle $27,000 in contributions.” the Philadelphia Inquirer reports.
“Besides boosting Clinton, the event allows the Franklin Square officials to showcase their firm for a high-powered audience. Franklin Square employs Ivy League-educated money managers and salespeople with experience at big Wall Street firms – plus four personal trainers and a dietitian to keep staff happy and productive amid the gym, yoga and nap rooms, Sol LeWitt art installations, and fancy cafeteria.
“Investors rained assets on the company during the financial crisis of the late 2000s, as brokers urged disappointed stock and bond investors to buy Franklin Square funds focused on high-yield and junk-rated debt, energy and other profitable assets. The firm broadened its products and distribution network after 2010, with yields still relatively high even as asset values decline in volatile markets.”
Clinton was in Iowa to campaign before next week’s caucus. Polls find she’s neck-and-neck in Iowa with Bernie Sanders, the 74-year-old socialist from Vermont.
