Cornell’s $4.4 billion endowment is moving. The University has requested redemption from hedge fund Level Global Advisors, Fox Business Network reported yesterday. The move to withdraw the investment comes after the Greenwich, CT based hedge fund was searched and raided as part of the SEC’s ongoing insider-trading investigation that began last month. Level Global claims...
Tag: Cornell Endowment
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Cornell’s CIO 2nd-Lowest Earner in Ivy League
As pointed out in today’s correction in the Daily Sun, Cornell’s ex-Chief Investment Officer received a $420,000 bonus in the 2008 tax year, meaning the ‘incentive compensation’ was presumably awarded to reflect the 19.9% endowment increase under James Walsh in 2007. Walsh’s total income – including deferred payments – of $871,680 was indeed as the...