Tuesday, 30 September 2014
Last updated 3 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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