It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Harvard Endowment Managers To Depart To Start Hedge Funds. Three money managers are planning to leave Harvard University's struggling endowment to start their own hedge funds as the organization cuts staff and outsources investments.
Top 30 Endowment Chief Investment Officers. Educational endowments have shouldered an increasing burden in recent years as costs rise, funding falls and research must go on. To make matters more strenuous, public markets don’t return what they used to and private market saturation is dampening returns as well. Despite the challenges, these 30 chief investment officers have expertly navigated the markets and kept their respective institutions on sound financial footing.
A Conversation With UTIMCO’s Bruce Zimmerman. Bruce Zimmerman joined UTIMCO as Chief Executive Officer and chief investment officer in June of 2007, six months before the official start of the “great recession” in December 2007. But despite a 13% drop in the endowment in UTIMCO’s 2009 fiscal year, half the fall of some notable east coast Ivy endowments, performance has been, for the most part, solid and steady during Mr. Zimmerman’s tenure.
Case Western Reserve University CIO Departs. Case Western Reserve University chief investment officer Sally Staley has retired, making her at least the fourth woman departing from the helm of a university endowment in recent months.
Analyzing Returns Of The 10 Richest University Endowments. 2016 was a bruising year for university endowments. More than 80 percent of the funds lost money, including the largest ones. Half of the ten largest university endowments ended up in the red, Trusted Insight’s research shows.
Warren Buffett: How Charlie Convinced Me To Break My Cigar-Butt Investing Habit. As a value investor, one of the most important free investing resources is Buffett’s Berkshire Hathaway shareholder letters. Each contains hidden gems of value investing wisdom.
Brown U. Endowment Slides Below $3B In Tough Year. Rhode Island College was the only college in Southern New England whose endowment fund didn't lose money in 2015-16.
Chelsea Clinton's Husband Closes His Hedge Fund. Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, the son-in-law of Hillary and Bill Clinton, closed in December, according to a person with knowledge of the matter.
The 11 Fastest US Startups To A $2B Valuation. One Chicago-based company, which provides a predictive analysis SaaS platform for an array of industries, hit that post valuation in an amazingly short amount of time and having raised a relatively small amount of venture capital—about $90 million in total since its July 2014 founding.
Vinod Khosla's Secret To VC Success: Take Implausible, Make Plausible, Then Possible | Video (6:11). A conversation with the legendary entrepreneur-turned-investor, Vinod Khosla. Khosla shares his inspiring story of mistakes, lessons learned and advice for entrepreneurs building technology-based businesses.