Tuesday, 31 March 2015
Last updated 16 min 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.).
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…