Wednesday, 17 September 2014
Last updated 15 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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