Oh wow:
http://www.huffingtonpost.com/...
Republican David Perdue, the Georgia businessman running for U.S. Senate, has as much as $1 million invested in an exclusive fund managed by a Swiss private bank -- a rarefied investment strategy that has earned him between $100,000 and $1 million since 2012.
The fund, Vontobel Non-U.S. Equity LLC, is managed by a subsidiary of the Zurich-based private bank Vontobel to invest in companies that operate primarily outside the United States. Registered as a Delaware corporation, the fund includes shares of mortgage companies in India, global tobacco corporations, and European consumer goods manufacturers.
The fund's manager is a sister company of family-owned Bank Vontobel based in Zurich. Its slogan: "Vontobel: Your Swiss Private Bank." Nevertheless, Perdue's investment is not the same as a Swiss bank account, and his fund, managed out of New York, cannot be used to hide taxable assets from the Internal Revenue Service.
Rather, it is a pooled investment fund, designed to make money for investors. By limiting the investor pool to high-net worth individuals and well-funded organizations, the Vontobel fund is exempt from the typical requirement that, as a Delaware corporation, it register with the Securities and Exchange Commission.
Perdue's estimated net worth of between $27 million and $82 million easily qualifies him to invest in the restricted fund. As of September, Perdue was one of 769 investors who together had given Vontobel's asset managers more than $1.25 billion to invest in the Vontobel Non-US Equity LLC fund. - Huffington Post, 10/21/14
Now this is problematic for Perdue because it not only makes him look like a rich elitist who's out of touch with the common voters, especially after all the "outsourcing comments":
http://atr.rollcall.com/...=
The race began moving in Nunn’s direction when Perdue said he was “proud” of his business record, which included outsourcing jobs. The comments came in reaction to the unearthing of a 2005 deposition, during which Perdue said he spent “most of my career” outsourcing.
The Nunn campaign jumped on the news, pumping out three TV ads within a week highlighting those comments. And two recent public polls found Nunn with small leads, though within the margins of error and below 50 percent.
“There is no better way to pick up blue-collar white voters than with outsourcing, and he walked right into it,” one Democratic operative said.
Spotting an opportunity, the Democratic Senatorial Campaign Committee dumped $1 million into TV time in Atlanta, where the booming exurbs will likely decide the race.
Rep. Stacey Abrams said her group, the New Georgia Project, registered 86,000 voters — mostly black, Hispanic and Asian voters younger than 35 — while another 30,000 were registered by partner organizations. The Nunn campaign, which has not released any internal polling, did not respond by press time about how many voters it had signed up through its coordinated field efforts.
Tharon Johnson, an Atlanta-based Democratic consultant and the national southern regional director for President Barack Obama’s 2012 campaign, said that should be enough to get Nunn over the top.
“The Nunn campaign has focused heavily on presenting a message that resonates with women and moderate Republicans in this state, while at the same time pointing out David Perdue’s failed record,” he said. - Roll Call, 10/20/14
Things have been shifting in Nunn's way but she still has to avoid going into a runoff:
http://www.usnews.com/...
Still, as Nathan Gonzalez, deputy editor of the Rothenberg Political Report, a nonpartisan political publication says, one poll does not an election make.
“This race is fluid and we need to see what subsequent polling data shows. You shouldn't make any dramatic movements based on any one poll,” he said. “But it's clear at the same time that Democrats see an opportunity. I think this is emerging as a state that Democrats think they can take over to overcome some losses elsewhere.”
But even if Nunn does manage to edge Perdue on election night, the race – as well as the fight for control of the Senate – might still not be settled until early 2015.
The SurveyUSA poll, which shows the most positive numbers yet for Nunn, has her leading Perdue 48 percent to 45 percent, two points shy of the one vote over 50 percent she would need to avoid a Jan. 6, 2015, runoff election.
The pollsters interviewed 800 Georgians from Oct. 10 through Oct. 13, and allowed for a 4.2 percent margin of error.
Libertarian candidate Amanda Swafford is polling at 3 percent. It seems unlikely that libertarian voters will flock to the more liberal candidate in a two-person race, and it's unclear whether the Democrats would be able to convince their more casual voters – young people and African-Americans living in Atlanta – to get fired up about returning to the polls less than a week after New Year's Day.
Recently, Nunn was excoriated by conservative media for declining to say at a debate whether she voted for Barack Obama in the 2012 presidential election.
“I'm skeptical right now that either one of them can beat the threshold with the third-party candidate in the race,” said Gonzalez, “But if the race develops and the data proves otherwise, then we'll reassess our thinking.”
Democrats hope Nunn can win with a majority in November, because a January runoff would likely benefit Republicans, political junkies and Georgians who want to see political ads while watching New Year's Rockin' Eve. - U.S. News, 10/20/14
So lets help Nunn lock this up. Click here to donate and get involved with Nunn's campaign:
http://www.michellenunn.com/