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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...