Setting Sail

Knight Foundation’s Timothy Crowe and Atlantic Philanthropies’ Albert Hsu team up to launch a fund of hedge funds for small endowments, philanthropies and pension plans.

In early April, Timothy Crowe, the former chief investment officer for the John S. and James L. Knight Foundation, invited his friend Albert Hsu over to his home in Coconut Grove, Florida, to catch up. Hsu, in Miami for an investment conference, was delighted to escape his hotel and eager to chat, especially since he was thinking about leaving his job as U.S.

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