fund manager

4 Stories

Oprah Hires Star Money Manager

Eli Broad's chief investor headhunted to head up Winfrey team

(Newser) - Oprah Winfrey is assembling a hotshot investment team to manage her estimated $2.4 billion fortune. Peter Adamson, currently chief investment officer for billionaire philanthropist Eli Broad, will head up Winfrey's investment office, insiders tell the Wall Street Journal . The move comes as Winfrey, already one of the richest African... More »

Sheik Who Ran $650B Fund Found Dead

Power fight looms after Abu Dhabi royal dies in glider crash

(Newser) - The body of the Abu Dhabi royal who oversaw the world's biggest sovereign wealth fund has been pulled out of a Moroccan lake four days after his glider vanished. Sheik Ahmed bin Zayed al-Nahyan, head of the Abu Dhabi Investment Authority and younger brother of the emirate's ruler, was ranked... More »

China Buys Stakes in Coke, Apple

But avoids major US holdings in hunt for healthy returns

(Newser) - China's colossal sovereign wealth fund has steered clear of buying large chunks of US firms as it seeks better returns on its portion of the country's $2.4 trillion in foreign reserves. An SEC filing released yesterday shows that the $300 billion fund holds a relatively low $9.63 billion... More »

Madoff May Have Paid Off Austrian Banker

She's accused of sending him investors' cash, getting kickbacks

(Newser) - The head of Bank Medici is being probed by authorities in the US, the UK, and her native Austria over alleged kickbacks she received from Bernard Madoff, the Wall Street Journal reports. Sonja Kohn is believed to have pocketed $40 million in return for turning three funds she managed into... More »

4 Stories