Friday, 26 August 2016
Last updated 1 hour 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.