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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of