Wednesday, 1 April 2015
Last updated 8 hours 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.
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…