alums

Harvard donations are down following a year of campus turmoil.The university released its FY 2024 financial report this week.Harvard’s endowment saw a 9.6% return on investment, but philanthropic gifts declined. Harvard saw a dip in donations in the most recent fiscal year amid a wave of big-name backers pulling their…

Scott Coulter’s Cowbird Capital has closed, the second Lone Pine spinout to shutter this year.In the past five years, four other alums have either shuttered or stopped trading hedge fund strategies.One exception has been Mala Gaonkar, whose fund has added more than $1 billion in assets since launch. Lone Pine’s…

Comic-book upstart Dstlry announced this month it raised a $5 million seed round, bringing its total funding to $7.4 million since 2022 when cofounders Chip Mosher and David Steinberger began working on the project.Dstlry is a comic-book publishing platform that gives creators an equity cut and resale royalties, offering more…