It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Students Target University Endowment's Underperforming Investments. College students decades ago protested endowment investments in South Africa during apartheid, and more recently, fossil fuels. Now there's a new target: hedge funds.
People Are The Key To Investment Success: CIO Philip Rotner, Boston Children's Hospital. Philip Rotner is the inaugural chief investment officer at Boston Children's Hospital, where he manages the hospital's endowment, pension and short-term investment assets. In this interview, Rotner discusses why people are the most important aspect of institutional investing, his criteria for prospective investment managers and how the Boston Children’s investment office approaches risk.
Where The World’s Wealthiest Invest Their Billions. How billionaires, from those in the single digits to near the top, invest shows a range of options for the very wealthiest in the world. One thing they all have in common is a large amount of money in cash or equivalently liquid securities. Here’s a look at how 10 billionaires have made and invested their money.
Billionaire James Simons: Conquering Wall Street With Mathematics. A speech and Q&A with billionaire and the second richest hedge fund manager in the world, James Simons. In this speech James talks about his life, career and the events that lead him to starting Renaissance Technologies.
Whitney Tilson: No One Questioned This Hedge Fund’s Madoff-Like Returns. In the years before Mark Nordlicht was arrested for what’s alleged to be one of the biggest investment frauds since Bernie Madoff’s, U.S. authorities had plenty of reasons to suspect something might have been fishy about his hedge fund.
Why Virginia Retirement Is Increasing Private Markets Exposure | Exclusive Q&A With Ronald Schmitz. Ronald Schmitz is the chief investment officer at Virginia Retirement System, where he oversees $68 billion of assets under management. In this interview, Schmitz discusses the pension funds push into private markets, how Virginia plans for market shocks and his outlook on emerging markets.
Sequoia Doesn't Focus On Startup Valuations | Video. A panel of VC thought leaders share the common theme of incredible portfolios and tremendous success. Patricia Nakache (Trinity Ventures), Aydin Senkut (Felicis Ventures), Jeff Clavier (SoftTech VC), Omar Hamoui (Sequoia Capital) convene to discuss trends and the future of venture capital, their biggest misses and lessons learned, “FOMO” in the investing landscape, how to avoid fraudulent situations and much more.
Kleiner Perkins' Arielle Zuckerberg Is Mining Teens' Brains For Venture Leads. Arielle Zuckerberg, a partner at Kleiner Perkins, isn't a teenager, but she makes a point of hanging out with groups of them on a regular basis. She notes their habits, their lexicon, the way in which they leverage the software on their phones from minute to minute.
33-Year-Old Hedge Fund Star James Levin Awarded $250M Pay Package Amid Och-Ziff Stock Debacle. With its stock plunging, Och-Ziff Capital Management promoted 34-year-old James Levin to co-chief investment officer and designed a lucrative new pay package to "incentivize" him.
An Early Investor In Twitter, Slack & Tumblr Explains The Power Of 'Goosebumps'. Here's why he thinks there's a huge "acceleration" in the market for startups that have more to do with your work life than your personal life -- and why Spark is putting its money where its mouth is after years of having it the other way around.