Sunday, 21 September 2014
Last updated 1 day ago
Apr 17 2012 | 12:09pm ET
Altima Partners' Joseph Carvin hopes to make $174,000 next year, and he's ponied up more than $1 million to do so.
Carvin is seeking the Republican nomination to challenge U.S. Rep. Nita Lowey (D-N.Y.) in her suburban New York Congressional district. And, as promised, he's all but financing his campaign on his own, contributing $1,032,000.
Other donors have given Carvin just $75,000 since he threw his hat into this ring last month, after dropping out of the race for the G.O.P.'s nod to challenge Sen. Kirsten Gillibrand (D-N.Y.)
Lowey, already sitting on an $890,000 warchest, raised $270,000 last month and has more than $980,000 in cash on hand, not much less than Carvin's $1.05 million.
Lowey has not faced a serious Republican challenge in a decade. But her new district 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.