Friday, 22 May 2015
Last updated 4 hours ago
Nov 20 2006 | 11:36am ET
Hedge fund investments have been very kind to university endowments and, over the past five years, those endowments have returned the favor.
The 53 biggest endowments in the U.S.—those with at least $1 billion in assets—have plunked $40 billion into hedge funds during that period.
All told, those allocations represent about one-fifth of the total assets in those endowments, which combined total some $217 billion. By a three-to-one margin, the endowments prefer the single-manager route to funds of hedge funds, according to the InvestHedge Billion Dollar Endowment Club report.
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…