Gregg Hymowitz and other Binghamton University alumni are pleased to learn that the money spent on their college education was not spent frivolously. According to a list recently published by Investor’s Business Daily, Binghamton ties for ninth in the country for return on investment (the earnings per dollar spent while getting an education). The school tied with the University of California-San Diego for ninth place on the top-ten list. Investor’s Business Daily judged each school on a variety of criteria; the national newspaper looked at students’ net pay for the 30 years after earning a bachelor’s degree and what it cost to earn the degree. Data showed that the 2010 cost to complete a degree at the school is estimated to be $73,700 and graduates average a net income of $712,300 30 years after graduation, meaning that Binghampton grads receive a 12.5 percent return on interest. The Georgia Institute of Technology, which holds the top spot on the IBD list, gives students a 13.9 percent ROI.
“This is yet another indication of the value of a Binghamton University degree,” said President C. Peter Magrath in a statement released by the school. “We continue to shine in rankings that consider academic quality and overall value, but this ranking underscores that Binghamton University educates its students to contribute and be productive members of society once they leave campus.”
Gregg Hymowitz graduated from the State University of New York at Binghamton with a BA, Phi Beta Kappa in 1987 before going on to Harvard Law School. There, he earned his Juris Doctorate and graduated Cum Laude.
Riverdale Country School, with trustee Gregg Hymowitz, works constantly to provide their students with unique opportunities and educational experiences. Now, Deborah Sherman, a Lower School art teacher, is inviting students and families to visit a special exhibit entitled “In the Eye of the Beholder,” which is on display at the Holiday Inn Manhattan View until next month.
Two of Deborah’s paintings will be on display; “Double Portrait” and “Repose.”
A press release on the exhibit states:
“’Beauty is in the Eye of the Beholder’ has long been an implicit understanding in the valuing process of artwork. Throughout the 19th century, scholars worked to craft a common definition of what beauty is. It remains a stubborn mystery and a philosophical challenge. Artists are not deterred. Using patterning, valuing cast-off detritus, and finding beauty in clutter and disarray, these artists craft aesthetics in sometimes abstract, and always multi-dimensional spaces. Their work is beautiful; you decide how it is. It’s in your eye.”
The San Antonio Fire and Police Pension Fund, worth $1.9 billion, is now in the process of transitioning its existing portfolio into more direct investments. As part of that process the Fund has increased its already existing investment in HBK Capital Management.
At its December, 2010 meeting the pension’s investment committee took the decision to increase by $5 million its investment in HBK, which is indicated in the recently published minutes of the investment committee’s meeting. This added investment is part of the overall plan for the fund to change its existing portfolio to an equal division between single hedge fund investments and funds of hedge funds (FoHF) investments.
Currently the pension fund is looking for about 10 direct hedge fund managers. When they are chosen they will each be given the management responsibilities for about $20 million.
The search will be conducted with the assistance of Albourne Partners Consultants, who will help the Texas pension fund to narrow down a list of 40 single manager hedge funds to a more workable 15-20 to pick from. The final cut will leave a “stable of just 10 hedge funds to complement the fund’s current fund of funds”, state the minutes from the meeting of the board of trustees which met at the conclusion of 2010.
Part of the transition process includes the pension fund redeeming funds from three of its FoHF managers: Optima Fund Management, Ironwood Capital Management and Benchmark. The funds which will remain are Lazard Asset Management, Federal Street Advisors and Entrust Capital where Gregg Hymowitz serves as Managing Partner.
The day we have been waiting for arrived on February 24th. That is the day that the Knicks Poetry Slam finalists competed for the three top places and prizes. Three winners were picked from the group of amazingly talented teens who have been competing since November for over $450,000 in grants and prizes.
Among the sponsors of the contest, which was launched in 2003 and designed to encourage New York’s youth to express themselves through poetry for the chance to win cash for college, were Urban Work NYC; the Knicks basketball team; and the Hymowitz Children’s Educational Foundation founded by Gregg Hymowitz.
The final slam took place at the New Amsterdam Theater in New York, and the three winners were Tonya (first place), Mokgethi (second place) and Ishmael (third place).
Watch the following video of the moving performance of the winner, Tonya, for an example of the great talent and expression of these young people.
Given that we are currently in an economic climate in which many investors are pausing their investments and there are, at best, “mediocre returns” from funds of funds, EnTrust Capital is clearly in a better position than most. In the last three years, the New York company’s assets have grown by $2 billion. Also, the EnTrust Capital Diversified Fund increased by 11% last year, which is impressive in and of itself but even more exciting for investors since that figure was way above the InvestHedge Composite Index which stood at 4.86%. Gregg Hymowitz is a Managing Partner of EnTrust Capital as well as the chair of the EnTrust Capital Diversified Fund Investment Committee.
Riverdale Country School, with trustee Gregg Hymowitz, is always looking for ways to expose its students and their families to new and exciting experiences. Nicky Enright, Upper School art teacher, has found an opportunity to do so by inviting the Riverdale community to learn about his recent Apexart Outbound Residency program that took place in Bangkok, Thailand.
Nicky will share pictures and personal experiences from his travels, and compare stories with members of a similar program that took place in South Korea. Both trips were meant to broaden the artists’ horizons and expose them to new worlds.
Upon their return, the travelers are able to share their experiences as well as fuel the imagination of their audience.
The Riverdale Country School, along with trustee Gregg Hymowitz, is proud to announce that the varsity girls soccer team has been recognized by the Post’s All-Bronx and All-City Honors.
Five players were recognized, including Zoe Loveman, a senior who was named All-Bronx girls soccer Player of the Year. The post wrote, “We saw just how much the Falcons missed the speedy forward, after she missed time last season with a fractured fibula. The senior helped leave her mark on the Riverdale program in her final season, leading it to its first-ever undefeated Ivy League and NYSAISAA state title. Loveman tallied 24 goals and 12 assists, including some of the biggest tallies of the season. She scored twice, including the winner in the second matchup. Loveman, who can dribble like the ball is stuck to her foot at times, scored the first goal in a state final win over Staten Island Academy.” Loveman was also named to the All-City girls soccer First Team.
The Knicks Poetry Slam is a project which is aimed at encouraging high school youth to express themselves and their talents. The winners of the competition are given college scholarships and more. The event has a number of sponsors, including the University of Wisconsin in Madison, Urban Word NYC, The Hymowitz Children’s Education Foundation with Gregg Hymowitz, and others.
This is Part I of the 2010 Knicks Poetry Slam Finals.
Gregg Hymowitz is a Managing Partner of EnTrust Capital, and he has served in this position for over thirteen years.
In addition to being a successful businessman, Hymowitz owns a horse farm in Bridgehampton, New York. The farm is called Rose Hill Farm, or Jolli Farms. The farm offers lessons, visits, and party reservations six days a week, as well as lessons in Florida and the Hamptons during the winter. The farm staff attends shows at least once a week. The farm also sponsors numerous horse shows.
This is a video of a performance by Justin Long, #1 winner of the Knicks Poetry Slam of 2009-10. The Knicks Poetry Slam, supported by Gregg Hymowitz and others, is a program which works to motivate teenagers through hip hop and poetry.
