Thursday, 18 December 2014
Last updated 10 hours ago
Jan 7 2008 | 8:58am ET
A top aide to the mayor of Newark, N.J., is leaving his post to join a hedge fund.
Bo Kemp, currently the troubled city’s business administrator and acting director of its engineering department, has resigned to take a post at an unidentified hedge fund. Before joining the administration of newly-elected Mayor Cory Booker 18 months ago, he led a now-defunct publishing company called Vanguarde Media.
Kemp, whose $178,145-per-year job has entailed slashing costs and cutting 500 municipal jobs, has been the object of such venom that he was assigned a plainclothes police officer as a bodyguard while he is at the office. However, he said his decision to leave was based on the fact that he could no longer support his children's private school and eventual college expenses on his current salary.
He is not the only high-profile departure from Newark’s city government: Corporation Counsel Aney Chandy has also announced her resignation.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.