When Should A College Divest?
Political activists set their sights on Michigan State University last fall. Their objective is to push the school and a handful of other institutional investors to divest from a Renaissance Technologies LLC fund.
A Good Year for Michigan: VC Up Nearly 100% in 2014
"Venture capital investing in Michigan and Detroit had a strong 2014... almost $220 million was invested in 50 state companies. While the number of deals was down from 74 in 2013, the dollar value was up nearly 100 percent from $111.1 million"
Nationwide, VC Investments Dropped 13% over the Past 5 Years. In Michigan, They're Up 84%
Entrepreneurs and venture capital go hand in hand. There’s no where that that is truer than in Michigan, where over the past five years, venture capitalism has increased by 84 percent in the state compared to a 13 percent drop nationwide, according to a report from Cassie Jones, the executive director of Michigan Venture Capital Association.
Montage Receives $6M To Expand Business
June 05. 2014 11:32AM BizTimes.com News E-newsletters Magazine Regional Blogs Multimedia Small Business...
University of Michigan Commits to Asia
The University's Q12014 commitments include $22.25 million to Beijing-based private equity firm CDH and $20 million to Hong Kong real estate firm Fudo Capital, as well as $30 million to Newport, CA-based LBA Realty.
Generosity, Excess Payments in Detroit Pensions Contributed to City's Bankruptcy
Detroit offered its employees a generous pension plan with zero contributions, then sweetened the deal with bonus payments. When the pension became underfunded, at least in part due to those bonus payments, the city borrowed money to fund the plan. The holders of those pension obligation bonds will now lose most of what they are owed.
Global Equities Rebound Pushes Michigan State Endowment Above $2 Billion
Buoyed by strong investment returns, the value of Michigan State University’s endowment topped $2 billion for the first time in the 2013 fiscal year, according to a report from the university.
Private Foundations Support Detroit's Retiree's Pension and Local Institute of Art
The money, from a group of philanthropic organizations, could also relieve the city-owned Detroit Institute of Arts from having to sell works to pay the city’s debts....
University of Michigan commits $35 million to Brenner West Capital hedge fund
We recommend the approval of Brenner West Capital Partners, a New York, NY based hedge fund, with an initial funding of up to $35 million from the Long Term Portfolio...
UBS Sued by Syncora Guarantee Over Detroit Pension Swaps
UBS AG, Switzerland's largest bank, was sued by bond insurer Syncora Guarantee Inc. over interest- rate swaps tied to $1.4 billion of Detroit pension debt....