University of Maine System (UMS) has chosen Blenheim Capital Management to manage two of its funds, HFMWeek reports. Blenheim’s Global Markets Fund will manage money for UMS’ $107 million endowment fund and $46 million pension plan. Both pools currently have a 10% allocation to hedge funds as well as 5% to market neutral. The other firm which placed a bid to manage the funds was Brevan Howard Capital Management.
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