Tuesday, 16 September 2014
Last updated 10 hours ago
May 1 2012 | 3:07am ET
Hedge fund manager Eric Hovde's road to the Republican nomination for a U.S. Senate seat from Wisconsin just got marginally easier.
Kip Smith, a physical therapist, ended his longshot campaign to win the seat being vacated by Sen. Herb Kohl (D-Wisc.). Of course, Smith's exit—to come today at 10 a.m. in Rhinelander—still leaves Hovde with at least three opponents for the G.O.P. nod, all of whom have political experience, unlike the Hovde Capital Advisors and Hovde Private Equity Advisors founder.
Former Wisconsin governor and U.S. health and human services secretary Tommy Thompson, former U.S. Rep. Mark Neumann and Wisconsin Assembly Speaker Jeff Fitzgerald all remain in the race; a primary will decide the nominee on Aug. 14.
Hovde entered the race last month. His father was an official in the Ronald Reagan administration in the 1980s.
While Hovde doesn't have the political pedigree that his remaining opponents boast, he certainly won't run into Smith's main problem: fundraising. Smith said his decision to exit the race was based "mostly on the difficulty in raising the funds necessary to continue."
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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