Sunday, 21 December 2014
Last updated 1 day ago
Mar 24 2010 | 11:11am ET
There’s one fewer hedge fund manager seeking election to Congress this year, after Pennsylvania’s Chris Paige threw in the towel over the weekend.
The Paige Capital Management founder had been seeking the Republican nomination to challenge Rep. Paul Kanjorski (D-Pa.) in northeastern Pennsylvania’s 11th congressional district. He blamed his Republican primary opponent, Hazleton Mayor Lou Barletta, for launching a legal battle over Paige’s nominating petitions, as well as family matters for his decision.
“My wife and I need some time alone to grieve the loss of our child,” he wrote in a blog post on his campaign Web site. Paige and his wife have struggled with infertility.
As for the legal challenges to his candidacy, the former Democrat said he was “confident that I would prevail,” but that “a protracted legal battle would not advance the causes I believe in, and—ultimately—those issues are more important than my personal political fortunes.”
Paige’s exit from the race leaves Barletta unopposed for the Republican nomination. It will be his third try against Kanjorski, who has been in Congress since 1985 and is the second-highest-ranking Democrat on the House Financial Services Committee. Barletta lost to Kanjorski in 2002 and, despite a consistent poll lead, in 2008.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.