Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
03/02/2010
Tennessee considers long/short managers
The investment team at the University of Tennessee endowment is currently considering allocations in a handful of hedge fund managers.
The $600m endowment is particularly interested in managers within the long/short equity arena, said Charles Peccolo, vice president and treasurer.
He revealed Conatus Capital, a long/short fund managed by David Stemerman, formerly of Lone Pine Capital; and Ivory Investment Management, another long/short manager based in Los Angeles, as just two of a number of funds currently being reviewed by the university.
According to the treasurer’s report for 2008, the endowment had around $110m in investments across 12 hedge funds. Alternative investments including private equity, real assets, natural
resources, and hedge funds “are designed to enhance diversification and provide reductions in overall portfolio volatility” for the university, the report stated.
The endowment was $718m at the time. At its peak in October 2007, Tennessee had $1bn in assets.
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Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
A recent survey of institutional hedge fund allocators gives insight into current and future allocations
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