Sunday, 4 October 2015
Last updated 1 day ago
Apr 18 2012 | 11:55am ET
The University of Texas endowment fund, one of the largest in the U.S., has invested more than $1 billion in alternative investment funds.
The $27.3 billion University of Texas Investment Management Co. gave the largest chunk of the $1.067 billion handed out in the three months to Feb. 29 to Mitchell Group, specifically its natural resources fund. Four funds received $75 million each, Pensions & Investments reports: Carmel Partners, Ford Financial, Mount Kellett Capital Partners and NGP Natural Resources. Victoria South American Partners was awarded $65 million.
Three other funds got $50 million each: American Industrial Partners, the Blackstone Group and Viking Global Investors.
The mandates were split between new and existing managers for UTIMCO. In addition, the endowment redeemed a total of $681 million during the same period.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…