Thursday, 24 July 2014
Last updated 6 hours ago
Jun 13 2013 | 9:49am ET
Mitt Romney's plans to return to the national conversation have dovetailed quite nicely with his return to the private equity industry.
Last year's failed presidential nominee hosted his "Experts and Enthusiasts 2013" conference at a Park City, Utah, resort last week, bringing together a number of would-be 2016 Republican presidential candidates. Across the way at the same hotel, he was meeting with investors and potential investors in Solamere Capital, the p.e. firm co-founded by his son and former fundraising chief, where he has, according to the Washington Post, increasingly taken a leading role.
Entering the Stein Eriksen Lodge, guests were directed by ushers to the left for the "Solamere Capital Founders Fund Update" and to the right for the E2 summit. Attendees of the latter founder their swag bags filled with Solamere-branded items.
While the Romney camp denied that the synergy was intentional—claiming that E2 had been scheduled for the following weekend but had to be moved forward—some of his guests and supporters weren't buying it.
"They tied it into Solamere; they're raising another fund," SkyBridge Capital founder Anthony Scaramucci told the Post. "There was a micro business thing—Solamere; a macro business thing—managerial leadership."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…