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Silda Spitzer joins the world of hedge funds

Date: Tuesday, November 25, 2008
Author: Hedgeweek.com

Silda Wall Spitzer, wife of disgraced former New York governor Eliot Spitzer, is reported to have stepped into the high-rolling world of hedge funds. According to New York Magazine, Ms Spitzer started working last month at Metropolitan Capital Advisors, a Manhattan hedge fund manager run by Karen Finerman, helping to recruit new investors.

Silda Spitzer began her career with law firm Skadden, Arps, Slate, Meagher & Flom, specialising in mergers, acquisitions and corporate finance, before joining Chase Manhattan (now JPMorgan Chase) as a member of its international legal group.

In the meantime, as Eliot Spitzer began his ascent toward becoming New York attorney-general and then governor, his wife's career took a back seat. Leaving Chase in 1994, she turned her focus toward the raising of their three children and her work with non-profit organisations.

But now the tables are turned. The former governor, who was forced to resign after being caught arranging trysts with high-priced call girls while on business trips and has only just been assure he will not face federal criminal charges, is now reported to be considering writing a book.

Some five years ago, Eliot Spitzer was the scourge of Wall Street, pursuing investment banks and their analysts for peddling worthless dot-com shares to gullible investors in the late 1990s. Now he keeps a low profile at home while his wife, now 50, returns to the financial world where his name was once feared and loathed - and where his political demise was celebrated with gusto.