Jul 23, 2015
(attachment unavailable) @MetLife @JoinCambridge
The details of what transpired between John Michaelson & Cambridge Associates are still closed to me, but large assets disappeared from Cooper’s Portfolio beginning in 2002 (per page 7: http://www.cooperuniontaskforce.com/staticdata/doc/huron-20140115.pdf ). John Michaelson joined the Cooper Union board of trustees in 2001 & was chair of the investment committee until less than a year ago. Despite selling off these assets, Cooper Union’s deficiits surged due to large “operating expenses”, which included investment consulting fees for underperforming portfolios..
Former Chairman Ron Drucker enabled MetLife to give Cooper Union a predatory loan.