Wednesday, 1 October 2014
Last updated 11 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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