Thursday, 18 September 2014
Last updated 6 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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