Saturday, 30 August 2014
Last updated 1 day ago
Aug 16 2012 | 4:02am ET
Hedge fund manager Eric Hovde narrowly lost his bid to become the Republican candidate for U.S. Senate from Wisconsin this November.
Hovde, who had never before sought public office, took 30.9% of the vote in Tuesday’s primary. But it wasn’t enough to defeat Tommy Thompson, the state’s 70-year-old former governor and a former secretary of health and human services, who took 34% of the vote, besting Hovde by just over 18,000 votes of nearly 600,000 cast.
Hovde spent some $5.5 million to draw close to the much better-known Thompson in recent weeks, and the political neophyte easily bested his two other opponents, both veterans of Wisconsin politics. But despite the better-than-might-have-been-expected showing, Hovde said his first political campaign would also be his last.
“Sadly, it didn’t work out the way I had planned,” the Hovde Capital Advisors founder said in his concession, adding that he was “proud of what we accomplished.”
“This is the end of my political career,” he said.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...