Wednesday, 3 September 2014
Last updated 11 hours ago
Mar 8 2012 | 12:21pm ET
Another hedge funder is eyeing a seat in the world's most exclusive club.
Eric Hovde is set to announce his candidacy for a the U.S. Senate seat being vacated by longtime lawmaker Herb Kohl (D-Wisc.). Hovde, who runs Washington, D.C.-based Hovde Capital Advisors and Hovde Private Equity Advisors, will make it official at a press conference in Milwaukee.
Hovde has lived in Washington for most of the past 25 years, but recently moved back to his hometown, Madison.
Winning the Republican nomination won't be easy: Hovde is going up against at least three other candidates, all of whom have served in political office before. They include former Wisconsin governor and U.S. health and human services secretary Tommy Thompson, former Rep. Mark Neumann and Wisconsin Assembly Speaker Jeff Fitzgerald.
The G.O.P. primary is Aug. 14.
Hovde isn't the only man in the race with alternative investments ties: Thompson joined Boston private equity firm Peak Ridge Capital Group as an agricultural adviser after leaving the White House. Nor is he the only active hedgie looking for a move to Capitol Hill next year: Altima Partners' Joseph Carvin is seeking the G.O.P. nod to face Sen. Kirsten Gillibrand (D-N.Y.) and hedge fund manager Michael Riley is hoping to win the right to challenge Rep. James Langevin (D-R.I.).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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