It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Johns Hopkins Names Chief Investment Officer. The former chief investment officer at Pritzer Group has been appointed vice president, investments, and chief investment officer for Johns Hopkins University, responsible for investing and managing more than $6 billion in endowment and other assets for the university and the Johns Hopkins Hospital.
10 Single-Family Offices Of Investment Legends. As titans of the investment world, it is only fitting that their wealth be managed by an elite staff of investment professionals. Trusted Insight presents 10 of the investment legends and their single-family offices controlling an aggregate net worth of more than $154 billion.
Ray Dalio Stepping Down From Managing The World's Biggest Hedge Fund. Dalio will stop managing Bridgewater Associates by mid-April, according to a client note. Dalio said in the note that he had "temporarily stepped back into management" 10 months ago to help transition Greg Jensen's co-CEO role.
Family Offices Are Fastest Growing Institution Type On Earth. 24% of the world’s UHNW families are in the Asia-Pacific region. But India has less than 100 single family offices, indicating that the bulk of family wealth is still being managed by family patriarchs using multiple advisors and fragmented services.
Harvard Endowment To Lay Off 57 Staffers As Overhaul Begins. Harvard University’s endowment plans to lay off 57 people beginning in April as it seeks to cut its 230-person staff in half this year. Harvard Management Co. said the first separations will begin April 18, according to its filing this month with the Massachusetts Department of Labor.
Top 30 Public Pension Rising Stars. Public pension funds protect and propagate the benefits of American retirees in good times and bad. These 30 real estate, real assets and equities specialists have strong career momentum and produced robust 2016 returns for their respective asset class, despite challenging market conditions. Presenting the Top 30 Public Pension Fund Rising Stars:
How AI Startups Must Compete With Google: Kleiner Perkins' Partner & Google Chief Scientist | Video. Mike Abbott, Partner of Kleiner Perkins Caufield & Byers, and with Dr. Fei-Fei Li, Google's Chief AI Scientist, discuss the fourth industrial revolution, powered by artificial intelligence, and the opportunities and challenges it presents.
The Top Hedge Funds Of 2016 Share Their Best Bets For This Year. To find out what hedge fund managers are looking out for in 2017, we asked several who topped Bloomberg’s 2016 global ranking of the 50 best-performing hedge funds with more than $1 billion in assets.
New Mexico PERA Shakes Up REIT Manager Lineup. The Public Employees Retirement Association of New Mexico has altered its REIT manager lineup involving five managers. The US pension fund is ending its relationships with REIT managers LaSalle, Morgan Stanley and BlackRock from the end of March this year.
One Of The Top Hedge Fund Launches Of The Year Has Landed A Big-Name Backer. One of this year's most anticipated hedge fund launches can count on another big time investor. Jens-Peter Stein, cofounder of multi-billion hedge fund Stone Milliner Asset Management, is planning to make a small investment in Ben Melkman's Light Sky Macro, a new New York-based firm.