Sunday, 29 March 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…