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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...