Wednesday, 24 December 2014
Last updated 10 hours ago
Mar 4 2011 | 8:55am ET
The University of Michigan's endowment has invested $25 million in hedge fund Golub Capital.
The initial investment in Golub's Premium Earnings Adjustable Rate Loans (Pearls) Direct Lending Program "will further balance the university's investment pool for working capital risk exposures and enhance returns by decreasing exposure to movements in interest rates and increasing exposures to corporate credit and investment manager value added," Timothy Slottow, chief investment officer of the $6.6 billion pension, said in an internal memo.
Michigan's absolute return allocation to Golub follows its follow-on investment with GSO Capital Partners late last year, HFMWeek reports.
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.