U. Wash. Invest $15M More In Valinor

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...