Here in the United States, some states are known for their outsized presence in certain industries. For example, California is the center of tech, New York dominates finance… and Texas knows a thing or two about oil, gas and land. #-ad_banner-#That said, it may come as no surprise that natural resources and real estate are well represented in the portfolio of the University of Texas System, which possesses one of the largest university endowments in the United States. Headed by the University of Texas Investment Management Co. (UTIMCO, for short), the endowment is the largest public… Read More
Here in the United States, some states are known for their outsized presence in certain industries. For example, California is the center of tech, New York dominates finance… and Texas knows a thing or two about oil, gas and land. #-ad_banner-#That said, it may come as no surprise that natural resources and real estate are well represented in the portfolio of the University of Texas System, which possesses one of the largest university endowments in the United States. Headed by the University of Texas Investment Management Co. (UTIMCO, for short), the endowment is the largest public one of its kind in the nation, placing third when taking private colleges into consideration (the first and second spots belong to Harvard and Yale, respectively). With over $20 billion in assets under management, UTIMCO serves 15 schools in the University of Texas System, including UT-Austin and the UT Southwestern Medical Center. Now in its 19th year of operation, UTIMCO pools its assets into a number of funds and vehicles with varying investment horizons and risk objectives. Since the bulk of the endowment is meant to serve the underlying universities and its students for years and years to come,… Read More