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

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of