Comptroller Hopeful Earned More Than $20M At Silver Point

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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.