John Powers, former president and CEO of Stanford Management Co., is back in the Big Apple. Powers, who announced his departure from the Palo Alto, California-based manager of Stanford's $25 billion endowment and trust assets last November, has moved to New York to head a new initiative at Credit Suisse Asset Management, a $421 billion division of the Swiss bank. As co-head of hedge funds, Powers, 62, will launch a strategy that invests in the equity of hedge fund managers.
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