Monday, 29 December 2014
Last updated 2 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.