Mike Bloomberg’s Money Manager Looking Forward To Unlimited Bathroom Breaks

Sometimes you just have to let go.
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What he likes to see. By Rubenstein [CC BY 2.0], via Wikimedia Commons

What he likes to see. By Rubenstein [CC BY 2.0], via Wikimedia Commons

As he watched his half-witted successor drop the ball over Times Square on New Year’s Eve, former New York City Mayor Michael Bloomberg had more on his mind than the existential agony of the impending Trump administration, the spectre of which had kept the unequivocally best candidate—himself—out of last year’s presidential race. He also had to face a future without Alice Ruth, the chief investment officer of his family office Willett Partners for the better part of the last decade. Sure, he had a couple of folks with presumably hard-luck life stories to take her place, but it was not the kind of uncertainty he needed at that uncertain moment.

For Alice Ruth, things were somewhat more bittersweet: Sure, she was leaving her “ultimate career opportunity.” But the big wide world beckoned with new opportunities.

Ms. Ruth began speaking with Mr. Rattner late last year about stepping down from her role, people familiar with the matter said. She was interested in taking on another long-term challenge after nearly nine years managing Mr. Bloomberg’s money….

She declined to comment on any new roles she is considering.

Still, we think it’s safe to say that those new roles will not involve holding it in quite as much as she did at Willett.

Best of luck, Alice.

Michael Bloomberg’s Money Manger Steps Down [WSJ]

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