Thursday, 24 July 2014
Last updated 13 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.
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…