Thursday, 24 July 2014
Last updated 6 hours ago
Mar 19 2012 | 11:07am ET
The Republican nominee for a New York U.S. Senate seat will be decided in a June primary—but it will not be hedge fund manager Joseph Carvin.
Carvin, of Altima Partners, withdrew from the race on Friday, just weeks after throwing his hat into the ring. While Carvin said he was "100% confident" that he would have made the June 26 primary ballot, he was satisfied with the three other candidates for the G.O.P. nod to take on Sen. Kirsten Gillibrand (D-N.Y.) in November.
"My number one goal in entering the race was to ensure that the Republican Party had a nominee capable of defeating Ms. Gillibrand in November," Carvin, who is supervisor of the Town of Rye, said. "But I believe any of the candidates in this race can beat her."
Whether his optimism is misplaced remains to be seen. Gillibrand has enjoyed a strong lead in polls, and no Republican has won statewide office in New York in almost 10 years.
Carvin's exit follows the decision of Rep. Bob Turner (R-N.Y.) to enter the race. Turner, who last year won a surprising special election to fill a Congressional seat from Brooklyn and Queens, will seek the promotion after it became clear that his House seat would not survive redistricting.
In addition to Turner, George Maragos, Nassau County comptroller, and Manhattan lawyer Wendy Long are seeking the Republican nomination.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…