Monday, 27 April 2015
Last updated 1 hour 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.
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…