It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Fraud In Silicon Valley: Startups Show Their Unethical Underside. As scandals have piled up—and other negative stories have proved to be true—the defensive strategy hasn’t aged well. While some investors are standing by their tainted companies, others are taking pains to distance the bad actors from the rest of the startup pack.
Mount Sinai's Atypical Portfolio Structure | Exclusive Q&A With CIO Scott Pittman. Scott Pittman joined the Mount Sinai Health System as the Senior Vice President and Chief Investment Officer in December 2008. Unlike many institutional investment offices, Mount Sinai doesn't construct its portfolio around traditional asset classes such as private equity and hedge funds. In this interview, Pittman discusses how he built Mount Sinai’s portfolio and the thinking behind it.
Ray Dalio: 'Market Returns Will Be Just 3% To 4%.' Here's Why He's So Sure. One of the most successful investors of the last decades, Bridgewater's Ray Dalio, made a notable statement in his extended interview with Henry Blodget: Dalio said investors going forward can expect returns "in the vicinity of 3% - 4%" in coming years.
How To Develop The Best Compensation Arrangements For Single-Family Offices. Traditional approaches to developing compensation arrangements at single-family offices are limiting. The best compensation arrangements at single-family offices are either negotiated or mediated.
SEC Investigating Hedge Fund That Promises Investors No Losses. Statim Holdings Inc., an Atlanta-based firm that has guaranteed investors in its main hedge fund won't lose money, is under investigation by the U.S. Securities and Exchange Commission. The SEC inquiry into Statim comes as Georgia regulators examine the firm.
Adventist Health System’s Mission-Driven Investment Approach | Exclusive Q&A With CIO Rob Roy. Rob Roy is vice president and chief investment officer for Adventist Health System. In this interview, he discusses recent development of Adventist’s investment portfolio and the health care system’s mission-driven investment approach.
Why GPs Believe Family Offices Will Drive Private Equity Demand. Private equity general partners say the biggest increase in fundraising opportunities will come from family offices in the year ahead as assets pour into private equity funds at record levels.
Joel Greenblatt: 'The Little Book That Beats The Market' | Video. Joel Greenblatt is a managing partner of Gotham Capital, a hedge fund that he founded in 1985. He is the former Chairman of the Board of Alliant Techsystems, a NYSE listed aerospace and defense company.
Rhode Island Names New Pension CIO. Rhode Island has named former Goldman Sachs Asset Management executive Alec Stais as chief investment officer of the state's Treasurer's office, including oversight of the company's $7.9 billion Employees' Retirement System of Rhode Island pension fund.
Universities Seek To Defend Endowments From Republican Tax Plan. Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of their endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including endowment tax issues in their federal agenda.