Winfrey Hires Hedge Fund Investor To Manage Fortune

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note