UTIMCO acts as rainmaker to the cubs and grand cubs of the elite as it earns its bragging rights
Fri Jul 5, 2013
With more than $8bn-plus in hedge funds, UTIMCO believes in the power of alternative investing
By Susan Barreto
The adage, 'Everything's Bigger in Texas' does not stop at
describing cowboy boots, belt buckles and egos. The endowment
for the University of Texas is one of the nation's largest and
its staff now also claims to have the largest hedge fund
programme among institutional investors, which could
technically be ranked as among the largest global fund of hedge
Recent negative press regarding losses in its strategic gold
investments (reportedly north of $300 million) is only a minor
part of the $28 billion endowment programme's strategic risk
management and alpha generation activities. In fact, just
looking at hedge fund structures in the portfolio, the assets
make up almost half of the overall endowment and speak to a
belief in the long-term power of alpha generation via hedge
fund managers and strategies.
Established in 1996, the University of Texas
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