Thursday, 2 October 2014
Last updated 4 min ago
Dec 13 2011 | 2:16am ET
A Rhode Island hedge fund manager has thrown his hat into the ring to run for Congress next year.
Michael Riley is one of three Republicans battling for the right to challenge Rep. James Langevin, who has represented the state’s Second Congressional District since 2001. Langevin has been handily reelected five times, winning almost 60% of the vote last year.
According to Riley, the man who suffered that overwhelming defeat in 2010, Mark Zaccaria, is pushing him to run.
Riley told GoLocalProv that Langevin isn’t doing anything on Capitol Hill. He also said that he won’t be discussing social issues in left-leaning Rhode Island, arguing that the financial crisis is “the only issue right now.”
Riley moved to Rhode Island after Sept. 11, 2001, having made his fortune in New York. Now residing in Narragansett, Riley invokes the Occupy Wall Street movement, saying that he’s “actually occupied Wall Street,” although it seems unlikely that his prescriptions for reform would win the assent of the protestors formerly residing in Zuccotti Park.
Riley said he can finance his own campaign, and estimates that it will take as much as $3 million to unseat Langevin.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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