#ron drucker

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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..