Sunday, 28 December 2014
Last updated 3 days ago
Mar 11 2011 | 11:35am ET
The Texas Tech University System has added a pair of hedge funds to its absolute return portfolio.
The school's board of regents approved the hiring of Argonaut Capital Management and Discovery Capital Management in December. The two fund join such firms as Davidson Kempner Capital Management, King Street Capital, Silver Point Capital, Taconic Capital Advisors and Wexford Capital on the $775 million endowment's hedge fund roster.
Argonaut specializes in global macro investing. Discovery focuses on emerging markets, investing in stocks, bonds and currencies.
Texas Tech currently invests 22% of its assets in absolute return vehicles, below its target allocation of 25%.
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.