Sunday, 1 March 2015
Last updated 1 day ago
Jul 6 2010 | 12:06pm ET
Last month, former Silver Point Partners executive Harry Wilson disclosed—as required by law—that the hedge fund paid him more than $250,000 last year. Chances are, the Republican nominee for New York State Comptroller was being modest.
Wilson released his tax returns for 2005 through 2008, showing that he earned more than $20 million during those four years at the Greenwich, Conn.-based firm, including $7.6 million in 2007 and $6.2 million in 2008. His 2009 returns are not yet available; Wilson filed for an extension.
Democrats were quick to dismiss Wilson’s release of his tax returns, and took aim at his claims that his Wall Street years would make him a better steward of the state’s pension billions than incumbent Comptroller Thomas DiNapoli.
“Wilson’s tax returns say nothing about reports that he was forced out of his last hedge fund gig for shoddy investing and his complicity in the Wall Street excesses that cause the financial meltdown,” New York Democratic Party Chairman Jay Jacobs said. “Nor do they offer any meaningful insight into his potential conflicts, since his personal investments are cloaked by an impenetrable network of hedge funds and holding companies.”
Wilson last year denied a New York Post report that he had been forced out of Silver Point in 2008.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…