Univ. Of Houston Adds Covalent To Hedge Portfolio

Oct 28 2011 | 11:10am ET

The University of Houston's endowment has hired hedge fund Covalent Capital Partners to manage $6 million.

Consultant Cambridge Associates recommend the Texas-based firm, "an opportunistic, contrarian event-driven fund that focuses on companies and industry sectors undergoing turmoil," endowment documents show.

The hiring of Covalent comes as Houston has also partially redeemed its investment with York Capital Management, pulling $1.5 million from the hedge fund, HFMWeek reports.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...