Altima's Carvin Eyes Senate Seat

Feb 27 2012 | 3:57am ET

A Westchester County hedge fund manager may challenge New York's junior U.S. Senator in this year's elections.

Joseph Carvin, who works at Deutsche Bank spin-off Altima Partners, is set to meet Saturday with the Republican Party county chairmen from the Hudson Valley. If he does throw his hat into the ring, Carvin would be the third GOPer to seek a shot at Sen. Kirstin Gillibrand, who was appointed to the Senate in 2009 after former Sen. Hillary Clinton became Secretary of State.

In addition to his duties at Altima, Carvin has served for four years as the supervisor of the Town of Rye, N.Y. Politically, he's perhaps best-known for seeking to have the town abolished; with all of its territory taken up by three villages, the town has minimal functions. Carvin was easily reelected to the post he'd like to do away with last year.

Gillibrand won the right to finish out Clinton's term in 2010 with a resounding election victory, taking more than 60% of the vote. Polls late last year show her with a similarly commanding lead in advance of November's election, but Republicans believe that she may be vulnerable.

Should Carvin run, he'll have to take on Manhattan lawyer Wendy Long and Nassau County Comptroller George Maragos, who have already entered the race. Republicans will name their preferred candidate at their annual convention on March 16, although there could still be a primary.

Carvin isn't the only hedge funder mulling a Senate run. Hovde Capital Advisors' Eric Hovde may seek the G.O.P. nomination for U.S. Senate in Wisconsin.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.