Harry Arora, a Republican and first-generation American, announced last week that he is running for Congress in Connecticut’s 4th Congressional District.
Arora has been in the investment management business for 15 years. In 2006, he left his prior employer, Amaranth Advisors, after alerting them to concentration risk. Six months later, according to a release from his campaign, his prediction came true, with the fund posting large losses, causing it to close. His effort to save that fund is documented in the book Hedge Hogs.