Wednesday, 27 May 2015
Last updated 2 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.
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…