Thursday, 18 September 2014
Last updated 1 hour ago
Jan 7 2013 | 9:56am ET
Centerbridge Partners co-founder Mark Gallogly may be mulling a run for mayor of New York City.
A polling firm recently made calls, apparently on Gallogly's behalf, asking questions that indicate Gallogly is considering a run for the Democratic nomination to succeed Michael Bloomberg. If he does in fact throw his hat into the ring, he'll join an increasingly crowded field, although most of the recent rumors surrounding the November election have been on the Republican side. New York, despite its overwhelming Democratic registration edge, has not elected a Democrat to its highest office in almost 20 years; City Council Speaker Christine Quinn is currently the favorite to win both the Democratic nod and the mayor's office.
In the Gallogly call, the hedge fund manager was identified as among five candidates seeking the Democratic nomination, which will be decided in a Sept. 13 primary. The questions ranged from seeking voters' opinion of a candidate "who was in Mitt Romney's line of work" to "concerns about voting for a mayoral candidate who is a hedge fund manager."
The call sought to make clear that Gallogly "is so different from Romney that President Obama made him a special adviser on how to grow the economy and create jobs, and he can bring those skills to city government."
The call also highlighted Gallogly's support for charter schools.
Gallogly is one of the handful of high-profile hedge fund managers who stuck with President Obama last year, when most hedge fund managers gave instead to Republican Mitt Romney.
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.