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OHIO INVESTMENT-GOP DONOR
Ohio injured-worker fund invests $50M in real-estate investment fund led by GOP bundler

Reported by: Associated Press
Reported: Saturday, April 19, 2014 4:57 PM EDT
TOLEDO, Ohio


Ohio's government-run investment fund for injured workers has agreed to put $50 million into a Wisconsin-based real-estate investment fund run by a major bundler of campaign contributions to Republican presidential candidates.

The Blade of Toledo reports the Ohio Bureau of Workers' Compensation's investment came in November. No money's yet been disbursed.

It will go to the $450 million Hammes Partners II fund headed by former health-care consultant Jon D. Hammes, a major contributor to George W. Bush, John McCain and Mitt Romney.

The newspaper reports the investment bears reminders of the scandal-producing bureau investment into rare coins and collectibles overseen by another Bush bundler, Tom Noe (NOH'-ee). Unlike Noe, though, Hammes reports no state-level political donations.

Bureau spokeswoman Melissa Vince says Hammes' political giving didn't influence the investment decision.

Information from: The Blade, http://www.toledoblade.com/










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