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PostSubject: Political hedge    Political hedge  EmptyMon May 14, 2012 9:18 am

Blackstone Group President Tony James is holding a $35,800-per-plate fund-raiser tonight at his Park Avenue co-op that has hauled in around $1.5 million for President Obama’s re-election campaign.

“He’s pushing hard, and I think he’s struggling a bit,” said a Democratic source close to the event.

Unlike Blackstone Chairman Stephen Schwarzman, a staunch Republican backer, James has diversified his political bets.

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In 2008, he gave to Republican nominees John McCain ($4,600) and Mitt Romney ($2,300). From 2000 until 2007, he donated $70,721 to Republican committees and zero to Democratic party organizers, according to Open Secrets, a site that tracks political dollars.

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