It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Family Offices Take Over Wall Street. A recent Wall Street Journal article “New Force on Wall Street: The ‘Family Office'” highlighted how wealthy individuals are increasingly investing through their family offices. It noted that many well-known individuals, like Oprah Winfrey and Google founder Sergey Brin, have family offices.
The Future Of Health Care Investment Offices | Exclusive Q&A With Michael Malewicz, CIO Of SSM Health. Michael Malewicz is the system vice president – treasury and chief investment officer at SSM Health, a Catholic, not-for-profit health system. In this interview, he talks about managing a $4 billion asset pool for a health care system, what factors come into play when making asset allocation decisions, and his view on how hospitals will evolve as investment plays a bigger role in supporting operations.
Dartmouth Names Chief Investment Officer. Dartmouth College hired wealth manager Alice Ruth as chief investment officer overseeing the Ivy League school's $4.5 billion endowment. Ruth, 55, an alum who's a member of Dartmouth's investment committee, will succeed Pamela Peedin in April, the college said Monday in a statement.
Why Most AI Startups Will Fail: Accel Ventures' Partner. A partner at Accel made this statement at the AI by the Bay conference, where he joined five investors for a discussion on what VCs are looking for in AI startups. The panelists acknowledged the hoopla surrounding AI and soundly rejected the idea that VCs are backing AI startups because of a personal passion for the tech, or simply because it’s a “hot” space. Their conversation also reminded everyone that most startups will fail.
The $100B Interview: Blackstone’s Top US Real Estate Exec On The One That Got Away. Blackstone Group is the largest private landlord in America. Over the past decade, it has devoured assets ranging from Sam Zell’s Equity Office portfolio to the 11,000-plus-unit Stuyvesant Town. But even then, the ones that got away still sting.
February People Moves: CEO Resigns At China’s $810B Fund, Korea Pension’s Hiring Spree. February was a month of major shakeups at sovereign wealth funds globally, among other institutions. Here are the top institutional investment job changes in February:
Chief Investment Officer Of Berkeley Endowment Management Company To Step Down. John-Austin Saviano is stepping down as president and chief investment officer of the Berkeley Endowment Management Company, or BEMCO.
A Look At The Internal Workings Of Sequoia Capital: Carl Eschenbach, Partner | Podcast. Carl Eschenbach is a partner at Sequoia Capital, one of the world's leading funds with investments in the likes of Google, Apple, Whatsapp, Paypal and Stripe just to name a few.
Vacancies Limit $34B Retirement System Board. Arizona Gov. Doug Ducey has allowed so many vacancies on the board overseeing the nearly $35 billion retirement pension fund covering the majority of state, city and county workers that it has been unable to do any substantive work since November.
The 25 Highest-Paid Hedge Fund Managers And Traders. Both a quantitative trading genius and a trader who recently stopped managing client money top Forbes’ list of the 25 highest-earning hedge fund managers and traders of 2016.