Tuesday, February 8, 2011

Cal's Latest Hedge Fund Manager AVC

"Over his two decades with the World Bank, Wilton lived and worked in locales ranging from Indonesia and Bulgaria to Washington, D.C., headquarters, where he rose to vice president of strategy and finance. He left the bank in 2006 to become a managing director of Farallon Capital Management, a global hedge fund, and since 2008 has also served as macroeconomics adviser to Hellman and Friedman, a San Francisco-based private-equity fund with offices in New York and London.
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“The big challenge at the bank, and at a place like Berkeley, is that you have a lot of important things people want to do, and they all could potentially make a real difference in people’s lives,” he says. “But we live in a world of finite resources. So we have to marry the resources with the priorities, and make that part of a coherent strategy that people accept.”

For years, he says, the World Bank faced criticism for its policies from both the left and right, and confusion over its operations from its own employees. On both fronts, he says, improving transparency helped smooth the waters. Once-hostile activists now have representatives “inside the building,” resulting in dialogue, Wilton says, that is “better informed, and has channeled the significant energy of NGOs toward finding solutions, rather than trying to find someone to blame.” Internally, Wilton himself launched a series of “town hall” lectures in which he explained the inner workings of the bank to interested staff.

“We found a lot of people were much happier once they understood what the whole picture looked like, rather than just their little bit,” he says."

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of course... you can read the full PR piece here.

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