News

Hedge Fund Assets Surge Past $2 Trillion

As investors continue to allocate new capital to hedge funds despite volatile markets, new data from Hedge Fund Research -- which tracks asset flows and performance figures -- has shown that global hedge-fund assets rose to a record $2.04 trillion by the end of the second quarter.

University of Texas Enjoys Robust Returns

The five endowment funds of the University of Texas -- which total more than $20 billion -- have enjoyed returns of about 20% for the 12 months ended June 30.

United Continental Begins Hefty Payback to PBGC

United Continental Holdings Inc., the parent of United Airlines, is set to begin making its first payment to the PBGC, repaying up to $500 million in eight equal installments of $62.5 million.