It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Top 30 Hospital Investment Officers. Investment offices at health care systems play an essential role in supporting hospital spending and service. Faced with tough markets and unpredictable regulatory changes, hospital investors, many of which operate in small teams, are tasked with the demanding job of ensuring the long-term financial health of their institutions. These 30 investment professionals, many of them chief investment officers, stand out as the shrewdest asset allocators during times of change and challenges.
Harvard Endowment Names Chief Investment Officer. Previously, the Harvard endowment’s chief executive and chief investment officer duties were held by the CEO. The appointment comes as the latest restructuring of Harvard’s management team in an effort to revive the endowment’s low returns in recent years.
Ex-Visium Manager Found Guilty Of Fraud In About 90 Minutes. A onetime portfolio manager for hedge fund firm Visium Asset Management LP was convicted of federal securities-fraud charges in the culmination of a three-year case that included the suicide of a fellow executive who was also charged.
The Art Of Doing Nothing: Steve Edmundson Of Nevada PERS | Exclusive Q&A. Nevada’s pension fund is known for its simple and conservative portfolio strategy despite an increasing trend of complex investment strategies pursued by many of its pension peers. In this interview, Edmundson explains why his simple model is just as good as any other investment model and why doing nothing is something.
New Mexico SWF Loses Private Equity Head. Portfolio strategist David Lee has been named acting director following the retirement of Greg Kulka.
'...There Really Is Not Such A Thing As A Normal Investing Environment. In 2016, Trusted Insight interviewed more than 70 institutional investors at the world's leading pension funds, endowments, foundations, among others. Here are the most insightful quotes from director-level investors who are often keenly astute to the pulse of their asset classes.
Silicon Valley Billionaires Are Preparing For The Apocalypse With Motorcycles, Guns, Private Hideaways. Leaders of industry from Silicon Valley to Wall Street are joining the survivalism movement. That list includes Steve Huffman, cofounder and CEO of Reddit; Marvin Liao, a former Yahoo executive and a partner at 500 Startups; and Robert A. Johnson, a managing director of Soros Fund Management.
Single-Family Offices Are Hiring Hedge Fund, Private Equity Investment Talent. A driving trend in the world of single-family offices is that they are becoming increasingly professional. An aspect of this drive to upgrading single-family offices is hiring experiences, proven investment talent.
The ‘Carl Icahn Of China’ Is Going To Jail. A Chinese billionaire often called "China's Carl Icahn" will go to prison for his role in crashing his country's stock market.