Leslie Alperstein is having a very good year.
Alperstein is president of Washington Analysis, a political
research firm in the nation's capital. His offices are located
in a gray office tower on Connecticut Avenue, one and a half
blocks north of the K Street power corridor, which is home to
Washington's biggest lobbying outfits. Alperstein is no
lobbyist, however. He insists he's not out to influence policy
but to analyze how policy changes affect financial markets.
Managers of multibillion-dollar portfolios, including many
hedge fund investors, pay Alperstein's 40-year-old firm for its
12 analysts' insights into Congress, regulatory agencies and
Beltway policy shops.
Recent episodes such as the shaky launch of the Affordable
Care Act, the government shutdown and jockeying over the debt
ceiling have provided incentives for hedge fund managers to
hire political analysts like Alperstein for their insights into