Monday, 22 September 2014
Last updated 2 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.