Tim Barrett is associate vice chancellor and chief investment officer at Texas Tech University, where he has served since 2013. In this interview, he talks about The Master Custody Account (MCA) structure, which is a concept that came to fruition for two primary reasons: the financial downturn of 2008, and the SBCERA investment team’s frustration in not being able to move fast enough on good credit strategies. Barrett also discusses the substantial fees savings and better performance associated with this new investment structure; and why TTU is starting to model other programs after the MCA.