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