Thursday, 26 March 2015
Last updated 2 hours ago
May 20 2010 | 9:39am ET
A longtime investor in and champion of hedge funds has been tapped to manage the vast fortune of Oprah Winfrey.
Peter Adamson will serve as chief investment officer for the billionaire talk show host and media mogul, who is setting up a family office for the first time, The Wall Street Journal reports. Winfrey is believed to be worth $2.4 billion, and is set to launch her own television channel in January.
Adamson has been CIO of the Broad Foundation—which deploys the fortune of Los Angeles billionaire philanthropist and art collector Eli Broad—since 2001. He moved the $2.5 billion foundation away from more traditional investment strategies and towards alternative investments, hedge funds and private equity.
Adamson worked as an adviser to the Bass family of Texas prior to joining Broad; he started his career, right out of Stanford University’s business school, at McKinsey & Co. in Dallas.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…