Friday, 27 November 2015
Last updated 1 day ago
Dec 13 2007 | 9:51am ET
Harvard University’s endowment fund has taken a 12.5% stake in a Brazilian alternative investment manager. Boston’s Harvard Management Co. has reportedly paid an undisclosed amount for 12.5% of Gavea Investimentos.
Harvard will have no say in the $5.5 billion firm’s investment strategy. Of course, the endowment is no stranger to Gavea’s strategy; it has been an investor in a Gavea private equity fund for years.
Gavea will invest the proceeds of the stake sale in its three business areas, which include Brazil-based and off-shore hedge funds, private equity and wealth management.
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…