Wednesday, 23 July 2014
Last updated 11 hours ago
May 3 2011 | 4:02am ET
Former hedge fund executive Michael Abbott may have an aversion to ivy.
Abbott, named chief investment officer of Cornell University just six months ago, has left the Ivy League school. Cornell said that former Robeco-Sage Capital CEO "stepped down" from his post after "it had become apparent that his style of conducting business is inconsistent with Cornell's policies and expectations."
"Accordingly, he and the university have agreed that it is in their mutual interests to end the relationship," Tommy Bruce, a spokesman for the school, said.
Abbott was hired in November to replace James Walsh, who left the Ithaca, N.Y., college to launch a hedge fund, Cayuga Capital Partners.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…