It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Texas Authorities To Investigate Dallas Police & Firefighter Pension Fund. Over the last few months, the Dallas Police and Fire Pension System has tanked, with reports saying the fund turned into a catastrophe after a string of bad real estate investments. To make matters worse, participants attempted to withdraw hundreds of millions of dollars, forcing Dallas Mayor Mike Rawlings to take legal action to stop the bleed off.
Most Healthcare VC Opportunities Are Bad. Elad Gil, an early-stage venture capitalist and entrepreneur, is selective in his venture investments, which may be why seven of his investment have grown into unicorns. In part three of Trusted Insight’s interview with Gil, he discusses the key reasons startups fail, how he decides whether to invest in later rounds and explains why the healthcare market is chalked full of startups destined to fail.
New Year, Fresh Start For Endowment, Pension CIOs; Greylock Hires Star: December People Moves. In the last month of 2016, a number of chief investment officers took a permanent break from their old jobs to start fresh in 2017. Here are the important institutional investment job changes in December:
Stanford Reboots Its $22.4B Portfolio. It might be a breeding ground for Silicon Valley talent but when it comes to reaping healthy investment returns from its endowment, Stanford University is a laggard.
CIO Robert Maynard On Idaho's Simple, Transparent Portfolio And Why It Works | Exclusive Q&A. Robert Maynard is the chief investment officer of the Public Employee Retirement System of Idaho (PERSI), a pension with $15 billion in assets under management. In this interview, he explains why investing is done best when done simply for a pension fund like PERSI, how to manage a portfolio effectively with a small staff and why it is one of the world’s best jobs that he’d pay people to have it if he was rich.
Why Peter Thiel May Be Silicon Valley's Best Thinker. You will not always agree with him, but he will make you think 100% of the time.
Top Hedge Fund Managers Of 2016. The old model of success for hedge funds, involving high returns in exchange for high management and performance fees, seems to have broken down. And yet, these fund managers have still been able to thrive in this caustic investment environment.
Harvard Official Defends Efforts To Improve Endowment’s Performance. Harvard University Treasurer Paul Finnegan has written a letter responding to a group of 1969 alumni who recently lodged new complaints about what they say is the Harvard endowment’s high compensation for poor performance, relative to its peers.
2016 Top 5 Venture Capital Deals, Exits & Funds. Another year, another number one spot for the Chinese ridesharing service. Didi Chuxing, which bought out rival Uber's China operations in August, raised an eye-watering $4.5 billion in equity and $2.8 billion in debt.