U.S. hedge fund managers pour money into 2016 race and Trump is a factorWASHINGTON (Reuters) - Major U.S. hedge fund managers are on pace this year to more than double the amount they gave in the 2012 election campaign, with independent fundraising groups backing Democratic presidential front-runner Hillary Clinton and Republican rival Ted Cruz receiving the most so far. About $47 million has been lavished on presidential candidates and lawmakers and the political action committees that support them by two dozen of the industry's top managers in the first 13 months of this election season, according to a Reuters review of Federal Election Commission filings. (For a list of the top givers see tmsnrt.rs/1nlPYZv) Most of the hedge fund support going to Cruz and Clinton has come from a handful of people out of the two dozen managers studied. Robert Mercer, co-chief executive of Renaissance Technologies, for example, has given $11 million to Keep the Promise I, a Super PAC that supports Cruz. Mercer is an enigmatic computer programmer who is a powerful financial force in conservative politics. Cruz wants to abolish the tax-collecting Internal Revenue Service, slash income and payroll taxes and impose a new “business transfer tax.” Cruz’s wife, Heidi Cruz, is a Goldman Sachs executive in Houston. Clinton’s main benefactor is billionaire George Soros, a long-time patron of Democratic and humanitarian causes and chairman of Soros Fund Management. Soros alone is responsible for $7.3 million of the $11.7 million that has gone to Super PACs and other committees supporting Clinton. The hedge fund managers’ spokespersons either declined to comment or did not respond to queries from Reuters. But Whitney Tilson, a hedge fund manager who runs Kase Capital, said one reason fellow managers are spending more this election is Donald Trump, the front-runner for the 2016 Republican presidential nomination. “There are some pretty heated emotions about Donald Trump,” said Tilson, who plans to support the Democratic Party nominee. Trump, who says he is self-funding his campaign, supports closing a loophole that lets some hedge fund managers pay less than the usual income tax rate on performance fees they get known as “carried interest.” Clinton supports this, too. The Managed Funds Association, an industry lobbying group, declined to comment on policy aims under the next president. There are other worries, too, about a Trump presidency.After months of campaigning and debates, Trump’s economic and financial policy positions are still sketchy or unknown. A Trump presidency could bring “tremendous uncertainty and instability,” said Gregory Wawro, a political science professor at Columbia University.  Wawro speculated that Trump’s popularity with blue-collar and middle-class voters could prompt the Republican Party to reassess an approach to taxes and economic issues that has favored top earners and major corporations in recent years.  The surge of hedge fund donations has had little effect on the Republican race so far. Cruz is running well behind Trump while U.S. Senator Marco Rubio of Florida, who is seen by establishment Republicans as their best hope to stop Trump winning the nomination, is a distant third. Conservative Solutions, a Super PAC that backs Rubio, received $2.5 million from Paul Singer, the long-time Republican fundraiser who runs Elliott Management, and another $2.6 million in contributions from hedge fund manager Kenneth Griffin of Citadel Investment Group. Two other Republican candidates with major hedge fund backing, New Jersey Governor Chris Christie and former Florida Governor Jeb Bush, have dropped out of the race. Christie’s Super PAC, America Leads, received about $3 million from Steve Cohen of Point72 Asset Management, while Right to Rise, a PAC that supports Bush, drew $450,000 in donations from managers including Citadel’s Griffin, David Tepper of Appaloosa Management and Larry Robbins of Glenview Capital Management. In the Democratic race, U.S. Senator Bernie Sanders has eschewed donations from Wall Street. He has racked up a string of wins in early state nominating contests with attacks on Wall Street and calls for a more equitable distribution of the country’s wealth. Overall, hedge fund contributions to 2016 presidential candidates and lawmakers and the PACs supporting them favored Republicans over Democrats by about 3 to 2. For a list of the top hedge fund donors in 2016: tmsnrt.rs/1nlPYZv politicsNews
hedge fund managers pour money race trump factorwashington reuters major hedge fund managers pace year double amount gave election campaign independent fundraising groups backing democratic presidential hillary clinton republican rival ted cruz receiving far about million vanished presidential candidates lawmakers political action committees support two dozen industry top managers first months election season according reuters review federal election commission filings for list top gives see most hedge fund support going cruz clinton come handful people two dozen managers studied robert mercer executive renaissance technologies example given million keep promise i super pac supports cruz mercer enigmatic computer programmer powerful financial force conservative politics cruz wants abolish internal revenue service slash income payroll taxes impose new business transfer cruz wife held cruz goldman sachs executive houston clinton main benefactor billionaire george sorts patron democratic humanitarian causes chairman sorts fund management sorts alone responsible million million gone super pass committees supporting clinton the hedge fund managers spokesperson either declined comment respond queries reuters but whitney wilson hedge fund manager runs base capital said one reason fellow managers spending election donald trump republican presidential nomination there pretty heated emotions donald trump said wilson plans support democratic party nominee trump says campaign supports closing loophole lets hedge fund managers pay less usual income tax rate performance fees get known carried clinton supports the managed funds association industry lobbying group declined comment policy aims next president there worries trump months campaigning debates trump economic financial policy positions still sketchy unknown a trump presidency could bring tremendous uncertainty instability said gregory war political science professor columbia university war speculated trump popularity voters could prompt republican party assess approach taxes economic issues favored top earners major corporations recent years the surge hedge fund donations little effect republican race far cruz running well behind trump senator marco rubio florida seen establishment republicans best hope stop trump winning nomination distant third conservative solutions super pac backs rubio received million paul singer republican fundraiser runs elliott management another million contributions hedge fund manager kenneth griffin citadel investment group two republican candidates major hedge fund backing new jersey governor chris christie former florida governor jeb bush dropped race christie super pac america leads received million steve cohen asset management right rise pac supports bush drew donations managers including citadel griffin david pepper appaloosa management larry robbing glenview capital management in democratic race senator bernie sanders screwed donations wall street he racked string wins early state nominating contests attacks wall street calls equitable distribution country wealth overall hedge fund contributions presidential candidates lawmakers pass supporting favored republicans democrats for list top hedge fund donors politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: U.S. hedge fund managers pour money into 2016 race and Trump is a factorWASHINGTON (Reuters) - Major U.S. hedge fund managers are on pace this year to more than double the amount they gave in the 2012 election campaign, with independent fundraising groups backing Democratic presidential front-runner Hillary Clinton and Republican rival Ted Cruz receiving the most so far. About $47 million has been lavished on presidential candidates and lawmakers and the political action committees that support them by two dozen of the industry's top managers in the first 13 months of this election season, according to a Reuters review of Federal Election Commission filings. (For a list of the top givers see tmsnrt.rs/1nlPYZv) Most of the hedge fund support going to Cruz and Clinton has come from a handful of people out of the two dozen managers studied. Robert Mercer, co-chief executive of Renaissance Technologies, for example, has given $11 million to Keep the Promise I, a Super PAC that supports Cruz. Mercer is an enigmatic computer programmer who is a powerful financial force in conservative politics. Cruz wants to abolish the tax-collecting Internal Revenue Service, slash income and payroll taxes and impose a new “business transfer tax.” Cruz’s wife, Heidi Cruz, is a Goldman Sachs executive in Houston. Clinton’s main benefactor is billionaire George Soros, a long-time patron of Democratic and humanitarian causes and chairman of Soros Fund Management. Soros alone is responsible for $7.3 million of the $11.7 million that has gone to Super PACs and other committees supporting Clinton. The hedge fund managers’ spokespersons either declined to comment or did not respond to queries from Reuters. But Whitney Tilson, a hedge fund manager who runs Kase Capital, said one reason fellow managers are spending more this election is Donald Trump, the front-runner for the 2016 Republican presidential nomination. “There are some pretty heated emotions about Donald Trump,” said Tilson, who plans to support the Democratic Party nominee. Trump, who says he is self-funding his campaign, supports closing a loophole that lets some hedge fund managers pay less than the usual income tax rate on performance fees they get known as “carried interest.” Clinton supports this, too. The Managed Funds Association, an industry lobbying group, declined to comment on policy aims under the next president. There are other worries, too, about a Trump presidency.After months of campaigning and debates, Trump’s economic and financial policy positions are still sketchy or unknown. A Trump presidency could bring “tremendous uncertainty and instability,” said Gregory Wawro, a political science professor at Columbia University.  Wawro speculated that Trump’s popularity with blue-collar and middle-class voters could prompt the Republican Party to reassess an approach to taxes and economic issues that has favored top earners and major corporations in recent years.  The surge of hedge fund donations has had little effect on the Republican race so far. Cruz is running well behind Trump while U.S. Senator Marco Rubio of Florida, who is seen by establishment Republicans as their best hope to stop Trump winning the nomination, is a distant third. Conservative Solutions, a Super PAC that backs Rubio, received $2.5 million from Paul Singer, the long-time Republican fundraiser who runs Elliott Management, and another $2.6 million in contributions from hedge fund manager Kenneth Griffin of Citadel Investment Group. Two other Republican candidates with major hedge fund backing, New Jersey Governor Chris Christie and former Florida Governor Jeb Bush, have dropped out of the race. Christie’s Super PAC, America Leads, received about $3 million from Steve Cohen of Point72 Asset Management, while Right to Rise, a PAC that supports Bush, drew $450,000 in donations from managers including Citadel’s Griffin, David Tepper of Appaloosa Management and Larry Robbins of Glenview Capital Management. In the Democratic race, U.S. Senator Bernie Sanders has eschewed donations from Wall Street. He has racked up a string of wins in early state nominating contests with attacks on Wall Street and calls for a more equitable distribution of the country’s wealth. Overall, hedge fund contributions to 2016 presidential candidates and lawmakers and the PACs supporting them favored Republicans over Democrats by about 3 to 2. For a list of the top hedge fund donors in 2016: tmsnrt.rs/1nlPYZv politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: hedge fund managers pour money race trump factorwashington reuters major hedge fund managers pace year double amount gave election campaign independent fundraising groups backing democratic presidential hillary clinton republican rival ted cruz receiving far about million vanished presidential candidates lawmakers political action committees support two dozen industry top managers first months election season according reuters review federal election commission filings for list top gives see most hedge fund support going cruz clinton come handful people two dozen managers studied robert mercer executive renaissance technologies example given million keep promise i super pac supports cruz mercer enigmatic computer programmer powerful financial force conservative politics cruz wants abolish internal revenue service slash income payroll taxes impose new business transfer cruz wife held cruz goldman sachs executive houston clinton main benefactor billionaire george sorts patron democratic humanitarian causes chairman sorts fund management sorts alone responsible million million gone super pass committees supporting clinton the hedge fund managers spokesperson either declined comment respond queries reuters but whitney wilson hedge fund manager runs base capital said one reason fellow managers spending election donald trump republican presidential nomination there pretty heated emotions donald trump said wilson plans support democratic party nominee trump says campaign supports closing loophole lets hedge fund managers pay less usual income tax rate performance fees get known carried clinton supports the managed funds association industry lobbying group declined comment policy aims next president there worries trump months campaigning debates trump economic financial policy positions still sketchy unknown a trump presidency could bring tremendous uncertainty instability said gregory war political science professor columbia university war speculated trump popularity voters could prompt republican party assess approach taxes economic issues favored top earners major corporations recent years the surge hedge fund donations little effect republican race far cruz running well behind trump senator marco rubio florida seen establishment republicans best hope stop trump winning nomination distant third conservative solutions super pac backs rubio received million paul singer republican fundraiser runs elliott management another million contributions hedge fund manager kenneth griffin citadel investment group two republican candidates major hedge fund backing new jersey governor chris christie former florida governor jeb bush dropped race christie super pac america leads received million steve cohen asset management right rise pac supports bush drew donations managers including citadel griffin david pepper appaloosa management larry robbing glenview capital management in democratic race senator bernie sanders screwed donations wall street he racked string wins early state nominating contests attacks wall street calls equitable distribution country wealth overall hedge fund contributions presidential candidates lawmakers pass supporting favored republicans democrats for list top hedge fund donors politicsnews