Jon Wood is the hedge fund supremo who bet against the nationalisation of Northern Rock more than two years ago and lost. Just before the election he gave the Tories half a million pounds, according to yesterday’s Electoral Commission figures.
Wood, founder of SRM Global, was the party’s second biggest donor during the second quarter of this year. A friend of the financier tells me that he wanted to help David Cameron’s party because he believes the Tories share his pro-market, entrepreneurial attitudes. He also very much wanted to see Gordon Brown lose. Read more
Jim Pickard
Kiran Stacey