Saturday, 25 October 2014
Last updated 1 day 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.