05/01/2009 05:12 am ET Updated May 25, 2011

Dodd Shifts Fundraiser From Exclusive Club Criticized For Having No Minority Members

Sen. Chris Dodd (D-Conn.) moved to change the location of a $1,000-a-head April 7 fundraiser in New York City Tuesday, after learning that it was to be held at an exclusive club long criticized for having no minority members.

Dodd's fundraiser is being hosted by one of the world's richest hedge-fund managers, John A. Paulson -- after Dodd held hearings as Senate Banking Committee chairman March 26 over whether to impose sweeping new regulations on the hedge-fund industry.

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