Friday, 28 April 2017
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.