It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Hospital investment offices are the newest entrant into the institutional investment universe, and the investment professionals that comprise them are pioneers. These 30 institutional investors have cut their teeth amid tough markets and are proving to be the future leaders of this burgeoning market. Presenting Trusted Insight’s Top 30 Healthcare Rising Stars.
Princeton University's endowment earned an investment return of 0.8 percent in a year when many schools posted losses as they grappled with a volatile market. The fund's value decreased about 2 percent to $22.2 billion as of June 30, the New Jersey-based school said in a statement Friday. Read more »
Here are three of the most prominent funds that have or will close up shop. Read more »
The University of Texas Investment Management Company has appointed Mark Warner as interim CIO and chief executive following Bruce Zimmerman's resignation earlier this week. Read more »
Of the country's wealthiest billionaires, the biggest New York real estate players barely crack the top 50. The latest Forbes 400 ranking of wealthiest Americans lists Blackstone Group CEO Stephen Schwarzman as No. 45, with a net wealth of $10.3 billion. Read more »
First it gave up on hedge funds. Now the largest U.S. pension fund isn't sure how much it can count on private equity. Read more »
Brown University, with the smallest endowment in the Ivy League, said it had an investment loss of 1.1 percent in a year "that proved challenging across global financial markets." The value of the endowment declined 3 percent to $3.2 billion in the year through June 30. Read more »
The deal includes Salesforce paying $340 million in cash, and issuing between 3.4 million and 6 million shares of stock, to acquire Krux. Altogether, the deal is estimated to be worth around $700 million. Read more »
As Family Capital has been saying for some time, family offices are increasingly backing startups, and startups are increasingly looking for family offices to back them. Read more »
Venture capitalists Joe Lonsdale and Brian Koo set out to conquer Asia and claim a prize that has eluded the American tech elite for decades. Now, they'll be lucky to open a Korean restaurant in Palo Alto. Read more »Download The Trusted Insight App