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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...