Institutional Investors

Farallon and Bridgewater win as UTIMCO invests $660m


The University of Texas Investment Management Company (UTIMCO) renewed its commitment to hedge funds across its investment programme with allocations totalling $660 million.

The $27 billion endowment programme also tallied $356 million in redemptions for the quarter ending 29 February 2012. The asset classes affected were investment grade fixed-income, developed country equity, credit and emerging markets equity and totalled redemptions from 11 managers, while 12 hedge funds were added.

New investments were made to Bridgewater PAMM totalling $79 million, while the same amount was redeemed from Bridgewater II in the investment grade fixed-income portfolio.