Thursday, 26 November 2015
Last updated 8 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…