Hedge Wiz to Explore Race for Governor. Obama Donor a Prolific Giver.
Admit it. You knew the double losses of Ned Lamont, Linda McMahon and Tom Foley would not be enough to discourage a wealthy Fairfield County titan–probably living in Greenwich–from running for governor. Enter hedge fund manager David Stemerman.
Bloomberg reports the Greenwich resident is shuttering his successful fund, Conatus Capital Management, to explore a run for governor of beleaguered Connecticut.
Stemerman has been a generous Republican donor, including $100,000.00 to American Crossroads in 2012, and also made a maximum contribution to Barack Obama’s 2008 campaign, according to Open Secrets.
Republicans taking part in taxpayer financing of their campaigns are about to find out the trials of running a statewide race on $250,000.00 until May of next year. They risk finding themselves as one collective afterthought if Stemerman is able to marry a common touch to persuasive and innovative ideas. Add some first rate political talent–which his nascent campaign appears not have yet–and a powerful force will have arrived in the crowded race.