Tuesday, 31 March 2015
Last updated 34 min ago
Jan 20 2011 | 2:54am ET
The University of Vermont’s endowment has added a pair of hedge fund managers to its portfolio.
The school’s board of trustees approved the hires of Canyon Capital Advisors and Owl Creek Asset Management last month, HFMWeek reports. Each firm received $5 million, beating out Mason Capital Management for the mandate.
The $288 million endowment decided to add the two hedge funds after consultant Cambridge Associates recommended a more diversified hedge fund portfolio.
Both mandates will be funded from the endowment’s equities portfolio.
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…