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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
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.
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/