Former Robeco-Sage CEO Out At Cornell

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of