Monday, 30 March 2015
Last updated 6 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.
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…