Thursday, 30 June 2016
Last updated 22 min ago
Apr 12 2010 | 9:33am ET
Texas Tech University’s endowment took another step towards filling its 25% target allocation to absolute return funds, hiring Glenrock Global Partners to manage $12 million.
The endowment is trying to beef up its global long/short equity portfolio. The university’s board of regents approved the new allocation at the end of last year, HFM Week reports.
Currently, Texas Tech’s absolute return portfolio accounts for about 18.5% of its $670 million in assets. Among its hedge fund managers are Davidson Kempner Asset Management, Och-Ziff Capital Management and Silver Point Capital.