Hedge Fund Manager Carvin To Run For Senate

Mar 1 2012 | 3:54am ET

It's official: Altima Partners' Joseph Carvin wants a new job.

Carvin said that he would pursue the Republican nomination for a U.S. Senate seat from New York. Sen. Kirsten Gillibrand (D-N.Y.) is up for reelection in November, seeking her first full term—she was appointed to the seat after former Sen. Hillary Clinton (D-N.Y.) was appointed U.S. secretary of state, and won the right to finish that term in a byelection in 2010.

Carvin is the third person to join the GOP race for the right to challenge Gillibrand, whom polls show with a commanding lead. Carvin is no stranger to politics, having served as supervisor of the Town of Rye for four years.

In order to face Gillibrand in November, Carvin will have to defeat Manhattan lawyer Wendy Long and Nassau County Comptroller George Maragos for the Republican nomination. Both Long and Maragos have pledged to spend millions to unseat Gillibrand.

The state GOP will choose its favored candidate on March 16 at its annual convention. If those not receiving the party's backing next month refuse to drop out of the race, there will be a primary in September.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...