It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Why ICOs Won’t Replace Venture. The latest oversimplification of the story around initial coin offerings, or ICOs, is that the venture capital industry might eventually find itself replaced by this hot new form of cryptocurrency-based fundraising. As much as ICOs are a fascinating innovation, as are the blockchain technologies enabling them, the idea that they will replace venture capital is a myth.
Political Gridlock Can Be Good For Markets: CIO Panel Part II | Video (9:52). In part two of Trusted Insight’s “Trumponomics 101” panel, chief investment officers from university endowments, healthcare systems and corporations discuss how health care reform, tax reform and other legislative actions will likely affect capital markets in the U.S. and internationally.
A Sneak Peek Into The Changing Shades Of Indian Family Offices | Video (7:20). More and more super-rich Indians over the past decade have been setting up family offices to manage their personal wealth. People like Azim Premji, Ratan Tata, NR Narayana Murthy are among those who are using this route. Why are they doing this and how have family offices changed over the years?
Dave Swensen Is Calling Out Wall Street. David Swensen, the head of Yale University's $25 billion endowment is calling out some of the biggest players in finance for shelling out billions of dollars for what he calls "kickbacks" to attract business to their trading venues.
Mary Cahill, CIO Of Emory University, To Retire. Cahill's retirement, effective August 1, will conclude her nearly 17-year tenure at the helm of the Atlanta, Georgia-based university.
15 Crypto Hedge Funds Launched For Stratospheric Return. With 43 projects raising $1.2 billion in initial coin offerings since May and with stratospheric returns for so many ICOs, it's no surprise that this summer through the end of 2017 marks the launches of at least 15 new crypto hedge funds.
University System Of Maryland Foundation Is A ‘Well-Oiled Machine’: CIO Sam Gallo | Exclusive Q&A, Part 1. Sam Gallo is the chief investment officer at University System of Maryland Foundation, where he is responsible for the investment portfolio totaling more than $1.2 billion. In today's article, Gallo discusses the value in a background of varied work experiences and why the first step in leading a world-class institutional investment program is developing strong governance.
Investors Ditch Hedge Funds For Real Estate. Because of geopolitical risk and high fees, investors are telling hedge funds thanks but no thanks. Instead, they're putting their money into real estate. At the end of the second quarter, wealthy investors had 33 percent of their portfolios in real estate, according to a survey by Tiger 21.
TRS Board Selects Jerry Albright As Agency’s New Chief Investment Officer. The Teacher Retirement System of Texas (TRS) Board of Trustees appointed Jerry Albright July 13, 2017 as the agency's new chief investment officer (CIO). The announcement follows last month's decision by former TRS CIO Thomas "Britt" Harris to accept an offer to serve as chief executive officer for The University of Texas Investment Management Company.
US Water Utilities To Invest $8.3B In Smart Water Infrastructure By 2027. Municipal water infrastructure in the United States is aging and in need of significant modernization. Many water utilities have little data on their distribution network operations and still rely on manual meter reading for billing.