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: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

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

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

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.