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Solamere's founders dispute any notion that they have cashed in on their political connections, arguing that Solamere, like any fund, has had to persuade investors on its merits.
In the last 12 years, they have cashed out more than $20 billion in Goldman shares and currently hold more than $10 billion in Goldman stock.
Since 1999, when the firm went public, they have cashed out more than $20 billion in Goldman shares, but still hold more than $10 billion in Goldman stock, according to the joint analysis of the filings.
The revelation will nevertheless be embarrassing to the Blairs, who have often had to defend themselves from accusations that they have cashed in on the former Prime Minister's prominence.
"They have cashed in on this compared with Pakistan where sport remains stuck in a time warp where governmental bodies wield most of the control and politicians, military men and bureaucrats govern various sports".
It is crucial for the first wave of customers: beer-drinking construction guys who begin arriving around 2 30. "At the beginning of the week they have no money, but by the end of the week they have cashed their paycheck and they're doing shots," he said.
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"In each instance my client had paid the lease rent on time; they had cashed the checks".
Then, after they had cashed in, they would stop supporting the stock price; hapless investors were usually left holding worthless shares.
"They have cash, they can finance it.
They have cash-management needs all around the world.
"They have cash, they're interested, they're quiet and they're politically palatable," says Penn Bowers of CLSA Securities.
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