Alyeska Hedge Fund to Manage Money for University of Michigan

  • Endowment pool pledges about $345 million to seven managers
  • Alyeska fund was started by Citadel alumnus Anand Parekh

The University of Michigan pledged about $345 million to seven investment managers from its $10 billion longterm endowment pool, following the approval of the school’s regents Thursday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.