Friday, 6 March 2015
Last updated 2 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…