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.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…