Monday, 3 August 2015
Last updated 2 days ago
Jan 13 2011 | 1:03pm ET
Blenheim Capital Management has beaten off Brevan Howard Capital Management in its bid to manage a piece of two University of Maine System funds.
The university chose Blenheim’s Global Markets Fund to manage money for both its $107 million endowment fund and $46 million pension plan, HFMWeek reports. The school’s investment committee was also weighing Brevan Howard’s Commodities Strategies Master Fund to fill a “trading” hedge fund mandate it issued in August.
The university system currently allocates 10% to hedge funds and 5% to market-neutral strategies. Its operating cash pool, which has $236 million in assets, currently has $5 million invested with a Permal Group fund of hedge funds.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…