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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...