Thursday, 26 November 2015
Last updated 12 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…