Hedge Funds Politicians

Three Political Candidates in NY with Hedge Fund Ties

Many financial professionals have transitioned from finance to politics and this is very evident in New York, where three first-time candidates have ties to hedge funds. One candidate for a congressional seat is a lawyer who works for Fortress Investment Group. Another candidate in New York running for state comptroller, Harry Wilson, is a former hedge fund manager who worked for Silver Point Capital and private equity firms Clayton Dubilier & Rice and the Blackstone Group. Finally, the last candidate with a connection to hedge funds is Republican Michael Grimm, who spent two years undercover posing as a hedge fund manager for the FBI.

Reshma Saujani, a 34-year-old lawyer who works for Fortress Investment Group, plans to take on one of the most powerful members of New York’s congressional delegation in the Democratic primary. White is also the wife of Quadrangle Group founder and former U.S. auto czar Steven Rattner, who has close ties to the Obama administration.

Meanwhile, a little further north, former hedge fund manager Harry Wilson launched his bid for state comptroller this week.

Michael Grimm’s ties to the hedge fund industry are somewhat more unorthodox. Grimm, a Republican who is seeking to unseat freshman Democrat Michael McMahon spent almost two years undercover as a Wall Street hedge fund manager for the Federal Bureau of Investigation. Grimm spent more than a decade with the FBI, beginning with the organized crime branch before moving on to the financial fraud branch. Source

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Tags: policians, hedge funds, hedge fund politics, new york, congress, new york congressional seat, Steven Rattner, Michael Grimm, Reshma Saujani, Harry Wilson,