Ex-Hedge Fund Lawyer Crushed In N.Y. Congressional Primary

Sep 15 2010 | 2:46am ET

Despite a well-funded and highly-publicized campaign, former hedge fund lawyer Reshma Saujani was trounced in yesterday’s Democratic primary for Congress.

Saujani, who worked at Fortress Investment Group before resigning to run in New York’s 14th Congressional District, received just 19% of the vote. Rep. Carolyn Maloney, who has represented the district, which includes Manhattan’s Upper East Side and parts of Queens, for nearly two decades, coasted with 81% of the vote.

Saujani has pledged to run again in the next election cycle.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of