Saturday, 28 February 2015
Last updated 1 day ago
Apr 20 2011 | 1:09pm ET
Michigan State University’s endowment is on something of a hedge fund kick. The $1.2 billion Common Investment Fund hired one manager in February and is poised to add two more.
The university’s trustee finance committee has recommended the addition of CrossHarbour Capital Partners and Contrarian Capital Management to its portfolio, HFMWeek reports. In February, MSU hired Conatus Capital to take over a $20 million mandate previously run by Shumway Capital Partners, which in February announced it would return all outside capital to investors.
MSU has a 25% absolute return allocation.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…