Friday, 22 May 2015
Last updated 5 hours 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%.
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…