Alice Ruth, Michael Bloomberg’s long-time money manager, has stepped down. For most of the decade she has served as the chief investment officer for Willett Advisors LLC, Bloomberg’s multi -billion dollar family office, which manages his personal and philanthropic investments. As per the WSJ, Mrs. Ruth left what she called her “ultimate career opportunity”, and is contemplating other money-management positions in the vast world of opportunities.
Late last year Ms. Ruth, a Dartmouth alumnus, began speaking with Steve Rattner about stepping down from her role, and it was made official as of January 1. She had left the Gordon and Betty Moore Foundation in 2008 to help establish Willett, along with Mr. Ratner and a few others. Now she is interested in pursuing another long-term challenge after managing the former NYC mayor’s money. She has not commented yet as to what role she will take next in her successful career.
She has been so instrumental to Willet Advisors, that she has been replace by two not one CIO’s, namely Brad Briner and Andrew Mulderry. Mr. Briner, who has been with the company since 2012, is now managing public-market investments and operations. Mr. Briner was previously overseer of natural resources and real estate for Willett. Before that he was employed with Morgan Creek for seven years, and in 2006 graduated from Harvard Business School. Mr. Mulderry, who received an MBA from Harvard Business school in 2010, was previously directing private-equity style investments at the company. He is continuing his private-equity work and in addition taking on venture capital fund investing.
By: Hadassa Kalatizadeh