NEW YORK CITY — The Republican former hedge fund manager who spent more than $3.8 million of his own money to challenge the Democratic incumbent for New York comptroller conceded the race Wednesday.
Harry Wilson, the 39-year-old political newcomer who received more than 1.8 million votes and carried most of the state’s 62 counties, said he will remain active in public affairs, though he didn’t say precisely how.
With 97 percent of precincts reporting early Wednesday, Comptroller Thomas DiNapoli had more than 1.9 million votes. He had strong New York City returns and broad union endorsements.
Wilson said New York has “enormous potential” that only needs government reform to unlock it. In the campaign, the father of four from Scarsdale, who has a Harvard MBA, argued that New York is not financially competitive, loses population to other states, has high taxes, big deficits and underfunded pensions and retiree health care obligations.
The comptroller is the state’s chief financial officer, who with a staff of about 2,500 audits state and local government spending and manages the roughly $130 billion retirement fund for public workers.