Centerbridge Co-Founder Eyes New York Mayor's Race

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.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.