The Texas Municipal Retirement System is making a big push into private equity co-investments after voting to double its private equity investment pace earlier this year. The Austin-based pension system manages $29.9B in pension assets for city employees across Texas.
One of the largest Texas pension plans is dialling back the amount of capital it will commit to private equity funds this year even as it continues to emphasise direct investing in the asset class to lower costs.
The Department of Education has launched an investigation into links between the University of Texas and a Chinese laboratory that has been scrutinized over the coronavirus pandemic.
A new piece of research conducted at the University of Texas at Austin finds that climate change beliefs are starting to seriously influence the financial decisions being made by some of Wall Street's most prominent investors.
Teacher Retirement System of Texas On Being 'A Top-Performing Institutional Investor' | Will Carpenter, Senior Portfolio Manager | Q&A
Will Carpenter is a senior portfolio manager for private equity principal investments with the Teacher Retirement System of Texas, where he leads deal teams in investment due diligence, valuation and ongoing portfolio management for private equity co-investments. In this interview, he discusses his experience moving back to Texas to serve that constituency after spending years in New York City, the positive impact that veteran investor Britt Harris had on TRS and the organization's next steps in being a top-performing institutional investor.
Britt Harris is the president, chief executive officer and chief investment officer at The University of Texas/Texas A&M Investment Management Company (UTIMCO). In this interview, he discusses the endowment's in-depth strategy in remaining as one of the best in the U.S.; his goal in molding 500 plus investment leaders (called Titans); and how human judgment and machine learning are complementary to each other in the investment process.
Texas might as well be called the United States of Texas because of the broad range of real estate markets and is a microcosm of what's happening in the rest of the U.S. - more of the growth, population, and real estate opportunity getting concentrated in fewer, larger markets.
The Texas A&M Foundation has hired Rush Harvey, who assumed the role of Director of Investments on Feb. 1. The Texas A&M Foundation had been strategically looking to add to its investment team given an increase in both the size and complexity of its endowment. Harvey previously served as Director of Investments at the Kansas State University Foundation in Manhattan, Kansas. In this role, he worked in conjunction with the chief investment officer in managing endowed assets on behalf of Kansas State University.
Texas County & District Retirement System Chief Investment Officer Paul Williams Announces Retirement
The TCDRS Board of Trustees has announced the selection of Casey Wolf as the new Chief Investment Officer. Wolf succeeds Paul Williams, who recently announced his retirement after 22 years with TCDRS. Williamss' retirement is scheduled for spring 2018.
The University of Texas Investment Management Co. is trying to change how its hedge fund managers are paid using a model known as 1-or-30 which charges a 1 percent management fee or 30 percent of performance, whichever is higher.