Michael Dell’s money managers are making the most significant change in years to how they invest the billionaire’s wealth.
MSD Capital, Mr. Dell’s $16 billion family office, is winding down several internal stock-picking strategies, according to people familiar with the firm. While the Dell Technologies Inc. founder will continue to have significant exposure to the stock market through passive investments and his Dell holdings, the move marks a pullback from active stock-picking and a greater focus on private markets, where...
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