Monday, 30 March 2015
Last updated 2 days ago
Mar 22 2010 | 2:06pm ET
One of the biggest hedge fund investors in the U.S. is cutting back on the asset class.
Yale University’s $16.3 billion endowment has reduced its hedge fund allocation from 21% to 15% to fund increases in its private equity and real estate and commodities portfolios. The former, Yale’s best performing asset class over the past decade, will rise from 21% to 26%, while the latter will be increased from 29% to 37% of the endowment’s assets.
“Alternative assets, by their very nature, tend to be less efficiently priced than traditional marketable securities, providing an opportunity to exploit market inefficiencies through active management,” the school wrote in a report released last week. “The endowment's long-time horizon is well-suited to exploiting illiquid, less-efficient markets such as venture capital, leveraged buyouts, oil and gas, timber and real estate.”
Yale made the allocation changes at its June 2009 investment committee meeting.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…