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
ISSN: 2151-1845 / CDC10004H
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