Friday, 25 July 2014
Last updated 1 hour ago
Jun 7 2007 | 8:12am ET
The $1 billion University of Illinois Foundation has allocated $100 million to Grosvenor Capital Management as part of its custom fund of hedge funds mandate. The move brings the foundation to its 10% target for hedge funds.
The foundation’s nascent private equity program, which it launched a year ago, is ramping up and is starting to get capital calls for direct commitments from cash starved p.e. firms, according to sources familiar with the foundation’s alternative investment program. It currently has some $18 million allocated to 10 to 15 managers, and is targeting a 10% allocation of its total portfolio to p.e. mandates.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…