Editor's view: 4 March 2010
Pardoned by De Larosière, the G20, and, last week, the FSA. If we didn’t know it 12 months ago, we certainly should all be cognisant now that hedge funds played no role in the carnage of 2008
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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Weekly liquidity, not the only option?
The all-consuming craze for managed accounts hasn’t taken over the industry yet, but the way it is going, it won’t be long before it does.
Comment: Julian Korek
"As if the increase in supervisory resources were not enough, the FSA is actively looking to set examples"
HFM European Performance Awards shortlist announced
HFMWeek is pleased to announce the shortlist for the HFM European Performance Awards 2010. Considering 2009’s broadly positive results, all of the successful candidates enjoyed a particularly
stellar year and thoroughly deserve their moment in the spotlight. HFMWeek looks forward to hosting all the shortlisted candidates at London’s Hurlingham
Club on the 25 March, where the winners will be revealed.
A promising year ahead for emerging managers
The demand for emerging hedge fund managers is continuing to grow, especially among institutional investors, the January edition of Preqin's Hedge Fund Investor Spotlight reveals.
Read More
24/03/2010
UK: Developments in managed accounts
This month’s HFMWeek Subscriber Club breakfast, in association with Advent, will take place on Wednesday 24…
25/02/2010
US: European FoHF managers in the US market
This month’s HFMWeek Subscriber Club breakfast will take place on Thursday 25 February. Join us…
22/10/2009
European Performance Awards
An event that celebrates hedge funds and funds of hedge funds that have outperformed their peers.
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