Bridgewater Vet Set For Congress Race

May 19 2014 | 11:24am ET

Former Bridgewater Associates executive Dan Debicella will get another shot at a seat in Congress in November.

Connecticut Republicans overwhelmingly chose Debicella as their nominee in the state's Fourth Congressional District, with 93% of the delegate vote against two other candidates. Debicella will face off against Rep. Jim Himes (D-Conn.) in November.

It will be the second time that Debicella has run against the now-three-term congressman from Greenwich: The two squared off in 2010, a year, like this one is expected to be, favorable to Republicans. Still, Debicella was narrowly defeated, 53% to 47%.

Himes, a former Goldman Sachs banker, was reelected in 2012 with nearly 60% of the vote.

Debicella said the people of southwestern Connecticut are disappointed in the way things are going in Washington and want a change.

"It does not need to be this way," Debicella, who left his post at Bridgewater last year, said. "It's time to get beyond the mediocrity of small expectations, and demand a government that lives up to the promise of America."

For their part, the Himes campaign wasted little time blaming Nutmeg Staters' disappointment on Republicans like Debicella.

"If Dan Debicella wins, everybody loses," Maryli Secrest, Himes' campaign manager, said. "Today's convention is proof positive that Debicella and Connecticut's Republican party will be in lockstep with the Tea Party Republicans in Congress."

"Debicella is not the kind of representative southwest Connecticut needs or deserves."

Certainly, Debicella's will be an uphill battle: Connecticut has become increasingly Democratic with each passing election year. Democrats currently control all five of the state's seats in the House of Representatives and both of its U.S. Senate seats, along with control of both houses of the Connecticut General Assembly. Democrats also hold all of the state's elective executive offices, including the governorship.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR