Absolutely Oxford

With the backing of five Oxford University colleges, Karl Sternberg created an innovative investment management firm. Just don’t call it a hedge fund.

In 1994, when Karl Sternberg began helping the University of Oxford’s St. Catherine’s College invest its £16 million (then–$25 million) endowment, he thought he knew what was expected of him. Fram Dinshaw, St. Catherine’s finance bursar, had given him explicit instructions to try and beat the college’s benchmark, the FTSE all-share index.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.