Cambridge College Trinity Hall Buys a Bank
Since its founding in 1350, Trinity Hall, one of the University of Cambridge’s 31 colleges, has endured the Plague and the English Reformation. Now it’s taking on the banking business. To bolster its endowment, Trinity Hall last year bought half the assets of a troubled regional lender previously controlled by Vladimir Antonov, an ex-owner of the Portsmouth Football Club who’s facing fraud charges in Lithuania. “The perception coming into this process was that banking was a casino business,” says Simon Guest, an engineering instructor at Trinity Hall and a member of its investment committee. “If you stepped back and looked at the big picture, you saw that this could be a highly successful investment.”
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