This article is too fascinating to paraphrase so read all about it here! (If it’s too long for you to read, just get to paragraph seven: “During the 1950s and 1960s, mobsters helped build the Sahara, the Sands, the New Frontier and the Riviera. Money from organized crime combined with funds from more respectable investors—Wall Street banks, union pension funds, the Mormon Church and the Princeton University endowment.”) Did you know Princeton University Investment Company (PRINCO) now oversees the largest per student endowment of any college in the United States …. today it’s about $26.1B AND it’s money managers are among the most diversified in any college campus? TRUE!
March 19, 2021