Saturday, 27 December 2014
Last updated 3 days ago
Dec 9 2010 | 1:51am ET
A Kentucky university is so happy with its hedge fund investments that it is racing right past its target allocation for the asset class.
The University of Louisville Foundation is pouring another $25 million into hedge funds, including a new mandate awarded to Eton Park Capital Management. Eton Park received $11.5 million of the money, while the remaining $13.5 million will go “incrementally” to most of its existing hedge fund managers.
The $637.8 million endowment is funding the new allocations by redeeming some of its money from a trio of U.S. stock managers, HFMWeek reports.
The $25 million, approved earlier this year by the foundation’s finance committee, will bring Louisville’s hedge fund exposure to about 23%. Its target allocation level is 20%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.