Monday, 20 October 2014
Last updated 4 hours ago
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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...