Friday, 24 October 2014
Last updated 14 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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