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Thursday, July 7, 2011

How A Notorious Banker (Incompetent & Responsible for part of Indonesian Financial Crisis) Left Intellectual Ventures With A Poorly Performing Fund

How A Notorious Banker (Incompetent & Responsible for part of Indonesian Financial Crisis) Left Intellectual Ventures With A Poorly Performing Fund

"According to the public records of one of its investors, the University of Texas Investment Management Co., Invention Development Fund has not returned a single penny to investors in four years and posted an internal rate of return of -74.01% as of the end of May. UTIMCO has committed $50 million to this fund and handed over $18.3 million–an investment currently valued at $3.86 million. UTIMCO records suggest the fund raised $590 million."

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