WSJ Wealth Adviser Briefing: Family Office Turnover, Lebenthal’s Deal

Mar 08, 2017 - MoneyBeat
Board and Executive Moves

Michael Bloomberg’s longtime money manager, Alice Ruth, has stepped down from that role and is considering other money-management positions, The Wall Street Journal reported.

New York-based Willett Advisors is Mr. Bloomberg’s multibillion-dollar family office, managing the former New York City mayor’s personal and philanthropic investments. The firm promoted Brad Briner and Andrew Mulderry to co-chief investment officers to replace Ms. Ruth, effective Jan. 1. Ms. Ruth declined to com...