Hedge fund managers have contributed roughly $2m (€1.5m) to election campaigns in the 2008 race for the White House, but are lending more financial support to Democratic candidates than Republicans.

Employees at some of the largest hedge funds have contributed roughly $2m to election campaigns of several presidential hopefuls, according to donation figures on PoliticalMoneyLine.com. More than $1.1m has been given to Democratic candidates such as Senators Hillary Rodham Clinton, Joseph Biden and Barack Obama.