Matt Bevin Reports Millions in Cash and Assets Ready for Campaign

Posted November 22, 2013 at 2:24pm

A 2014 U.S. Senate challenger has reported his assets include millions in cash and assets available to contribute or loan to his own campaign against a sitting Senator of his own party.

Matt Bevin, R-Ky., who is running against Sen. Mitch McConnell, R-Ky., has filed his personal financial wealth report showing he is a wealthy candidate with plenty of cash and assets that could easily be loaned or contributed to his campaign. These include $1 million to $5 million in a Bank of America checking account; and $500,0001 to $1 million in a Commonwealth Bank & Trust money market account.

His large assets include $5 million to $25 million in Munder Capital Management (Michigan); $1 million to $5 million in a Waycross Long/short Equity Fund LP; $1 million to $5 million in a Waycross Long/Short Opportunities Fund LP; $1 million to $5 million in Neuronetrix Solutions Inc. (Kentucky); $500,001 to $1 million in Waycross Partners (Kentucky); $500,0001 to $1 million in Academic Merit (Maine); $250,001 to $500,000 in Invesco Ltd.; $250,001 to $500,000 in Bevin Bros Mfg. Co. (East Hampton, Conn.);among others.

Other large assets include rental properties in Woodstock, Maine ($250,001 to $500,000); Bethel, Maine ($500,001 to $1 million); East Hampton, Conn. ($100,001 to $250,000); Leesville, La. ($100,001 to $250,000); and Louisville, Ky. ($100,001 to $250,000).

Other assets include mutual funds and some stock holdings such as Blackberry Ltd; Microsoft Corp.; Oracle Corp.; among others.

He also has a Northeast Bank IH LLC business checking account of $250,001 to $500,000. He lists himself as president of Bevin Bros. Mfg Co., East Hampton, Conn.