Advent Exec. Loses Mass. Senate Race

Jun 26 2013 | 11:08am ET

Former private-equity executive Gabriel Gomez came up short in his bid to become the next U.S. Senator from Massachusetts yesterday.

Gomez, who worked at Boston-based Advent International until this past March, had hoped to repeat a 2010 coup, when Republican Scott Brown won the seat of the late Sen. Ted Kennedy in a special election in heavily Democratic Massachusetts. Instead, however, the former seat of U.S. Secretary of State John Kerry will go to Rep. Ed Markey, a 20-term congressman.

Markey received 55% of the vote to Gomez's 45% in an election marked by low turnout and little public interest.

"Sometimes you face overpowering force," Gomez, a former Navy SEAL, said in his concession speech. "I mean, we were massively overspent. We went up against literally the whole national Democratic Party and all its allies." He then added, "I offer absolutely no excuse for coming up short."

"I'm proud to be an American, and tonight, even in defeat, I've never been prouder to be a citizen of the Commonwealth of Massachusetts."


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of