Gates Split Casts Harsh Glare on $170 Billion Money Manager
- Carefully crafted low profile cracks for Larson’s Cascade
- Portfolio delivers steady returns for Microsoft billionaire
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For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.
The conservative bets, the nondescript office, the investment firm’s generic-sounding name; they were all carefully designed to shield Bill Gates and Melinda French Gates from criticism and produce steady, if seemingly unimpressive, returns.