Sunday, 29 March 2015
Last updated 1 day ago
Mar 23 2010 | 3:26am ET
A Chicago hedge fund manager enmeshed in the Thomas Petters Ponzi scheme case is planning a new political party in Illinois to challenge both the Democrats and Republicans.
Ritchie Capital Management founder Thane Ritchie will announce today an ad-hoc committee to consider the launch of a new, as-yet unnamed party.
“Ordinary, practical Americans deserve another option, a different path to address ‘real solutions to the real issues’ they face at their kitchen tables each night,” Ritchie said. Ritchie will hold a press conference in Elmhurst, Ill., to officially announce the officers and other members of the committee. But yesterday’s press release offered a peek.
Among the officers is Dean Barkley, the founder of Minnesota’s Independence Party. Barkley briefly served in the U.S. Senate, appointed by former professional wrestler and Minnesota Gov. Jesse Ventura, whose election he helped engineer in 1998. Barkley was also a third-party candidate for the Senate seat won by Democrat Al Franken from Republican Norm Coleman in 2008, taking more than 15% of the vote.
It also features former East St. Louis Mayor Carl Officer, a former Democrat, and Thomas Cronin, a Republican committeeman from River Forest. And to further the new committee’s multi-partisan credentials, Barkley’s co-chairman is Stephen Denari, who has run for Congress as a Democrat, a Republican and as a member of the Reform Party founded by two-time presidential candidate Ross Perot—a fact he is extremely proud of.
“As perhaps the only tri-partisan candidate in Illinois history, Thane felt I was uniquely qualified for this task,” he said.
Ritchie’s hedge fund has been sued by Barclays Bank, which accuses Ritchie Capital of hiding more than $150 million in investments it made it Petters’ collapsed business empire.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…