Mich. State Eyes Indus, Standard Pacific

Nov 10 2011 | 9:29am ET

Michigan State University's endowment is set to invest more than $30 billion with a pair of long/short hedge funds.

The $1.2 billion Common Investment Fund plans to allocate $18.7 million to Indus Capital Partners and $15 million to Standard Pacific Capital, HFMWeek reports. The investments are backed by MSU's consultant, Cambridge Associates.

The Common fund already invests in Indus' Asia Pacific Fund. It may now add the firm's Europe Fund "with proceeds of a withdrawal from the Martin Currie European Hedge Fund."

As for Standard Pacific, Cambridge has recommended the firm's Global Long/Short Equity Fund.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...