“Managers Gave to GOP Groups Accused of Racial Gerrymander Push”

FundFire (subscription only):

Asset management firms gave at least $1.5 million between 2010 and 2018 to Republican-affiliated groups that promoted redistricting efforts that were later struck down by federal courts for disenfranchising Black voters, according to data in a new report.

At least eight industry firms with asset management businesses backed the Republican Governors’ Association (RGA) and the Republican State Leadership Committee (RSLC), groups accused of funding racial gerrymandering efforts in several states, according to the Center for Political Accountability (CPA), a nonprofit advocate for transparency in corporate political spending.

Between 2010 and 2018, Fidelity InvestmentsMacquarieMetLifeNatixisPrudentialTD BankTIAA and Wells Fargo directed funds from their treasuries to the two groups, which starting in 2010 had funded redistricting efforts found to be racially linked.


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