U. Michigan Adds Hedge Fund Golub To Portfolio

Mar 4 2011 | 9:55am 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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of