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 funds.

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 Investment...

ISSN: 2151-1845 / CDC10004H

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