Tuesday, 21 October 2014
Last updated 57 min ago
Mar 22 2012 | 2:37am ET
Altima Partners' Joseph Carvin may have given up on being New York's next U.S. Senator, but he's still eyeing a move to Capitol Hill.
Carvin plans to run against Rep. Nita Lowey (D-N.Y.), seeking the seat in Congress she's held since 1989. The opportunity arose after Lowey's presumed Republican challenger, Mark Rosen, saw his hometown of Larchmont cut out of Lowey's district by new Congressional district boundaries imposed by a federal court this week.
The courts were forced to step in after New York legislators were unable to come up with their own redistricting plan, cutting New York's number of seats in Congress from 29 to 27.
Carvin, the supervisor of the town of Rye, told Republican officials that he is "planning to run for the U.S. House of Representatives this year against Congresswoman Nita Lowey, whose district has been substantially changed in redistricting."
"I believe I can defeat Mrs. Lowey in this new district with your backing, and I am willing to invest a substantial amount of my personal resources to do so," Carvin wrote, echoing a pledge he made earlier during his brief and abortive Senate campaign. "I have already retained a top-notch campaign team and I am raring to go with your support."
Lowey has not faced a serious Republican challenge since her current 18th Congressional District was drawn during the last redistricting process a decade ago. But the new 17th district she'll seek to represent is somewhat less favorable to Democrats; it includes fewer of the southern Westchester County communities that generally favor Democrats; President Barack Obama carried the new district, which includes all of Rockland County in addition to portions of Westchester, with 57% of the vote, compared to 62% in the old district.
Carvin isn't the only Republican eyeing Lowey's seat; Anthony Mele, who ran against Rep. Eliot Engel in 2010, said he'll seek the G.O.P. nod to face Lowey this time around.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...