Wednesday, 1 April 2015
Last updated 3 hours ago
Jan 17 2013 | 8:02am ET
Like many of the money managers it employs, Yale University’s endowment spent much of last year on the sidelines. But with hedge funds increasing their exposure, Yale plans to boost its exposure to hedge funds once again.
The $19.3 billion endowment, which returned just 4.7% in the year ended June 30, plans to boost its targets for both hedge funds and private equity funds. But it is the latter that will rise more: Yale plans to increase its hedge-fund allocation to 18%; last year, it cut that allocation to 14.5%. The change could mean Yale has more than $600 million to deploy to hedge funds.
Its private equity target will rise to 35% from 34%, while its real-estate allocation will jump from 20% to 22%. Some of the money for the increases will come from the 2.7% Yale had in cash at mid-year; the school hopes to eliminate its cash allocation this year.
Yale’s endowment is among the pioneers in hedge fund investing. It is the second-largest university endowment in the U.S., after Harvard University’s.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…