« Catching Up: Google Afterhours, Money and Sex, & CIA FOIA | Main | Adventures in Bad Interface Design »
Latest Stories
- Excel Wankers and Recession Averages
- Sorry, New York is Closed. Check Back Later.
- Catching Falling 2009 Earnings Estimate Knife
- Survivorship Bias in Global Markets
- Talking Positions on a Lazy-ish Retirement Portfolio
March 8, 2007
Boldt Bolts for Bucks (to Wasserstein Perella)
Continuing a theme I have now highlighted here a number of times, another major university endowment fund manager has left for bigger bucks elsewhere:Robert Boldt, who managed the $19 billion endowment of the University of Texas, is planning to join Perella Weinberg Partners, according to people briefed on the plan.Mr. Boldt plans to start a new fund at Perella Weinberg based on a model he used at the University of Texas Investment Management Company, according to these people, who asked for anonymity because the move had not been formally announced.
The fund will most likely be marketed to universities that do not have the capacity to actively manage their endowments and to other institutional investors.
This is going to continue, as skilled university endowment managers can't resist the siren song of making oodles more money -- with far less grief -- elsewhere.
[via NY Times]
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
| 
Facebook it
