Purdue Adds Conatus, Valinor To Endowment

Jun 8 2011 | 9:21am ET

Purdue University has completed its hedge fund hiring effort, handing over just under $20 million to two long/short managers.

The Indiana school's endowment picked Conatus Capital and Valinor Management for the final mandates, Pensions & Investments reports. Each firm received less than $10 million from the $2 billion fund.

The awards bring the Purdue endowment's hedge fund allocation to 25%, its target since last year, when it was raised from 15%. The university plans no further investments in hedge funds at this time.

"We wanted the assets with talented managers who would navigate" what chief investment officer Scott Seidle called "continued volatility and uncertainly in the market." The new hedge fund investments were funded through reductions in Purdue's domestic and international developed markets stock holdings.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…