Friday, 19 December 2014
Last updated 13 hours ago
Mar 31 2011 | 2:24am ET
The University of Washington’s endowment has added to its investment in hedge fund Valinor Capital Partners.
The $2.08 billion Consolidated Endowment Fund allocated another $15 million to Valinor, HFMWeek reports. The move is the latest for U.W., which in November added $15 million to its investment in Convexity Capital Management and terminated Tiger Asia Management, which managed $14 million for the endowment but faces regulatory scrutiny in both the U.S. and Hong Kong.
Also last year, the endowment invested $20 million with Deerfield Capital Management and made its first $25 million investment in Convexity, which is headed by former Harvard University money manager Jack Meyer.
U.W. currently invests $247 million of its assets in absolute return strategies, accounting for 12% of its total assets. The endowment has a target allocation to the asset class of 15%, as well as an 8% allocation to opportunistic investments.
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.