Sunday, 31 August 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...