Asset Owner Directory

University of Texas/Texas A&M Investment Company (UTIMCO)

UTIMCO’s funds are made up of two components: endowment funds (a permanent, self-sustaining source of funding, managed with consideration given to current and future beneficiaries) and operating funds (used primarily to fund UT System institutions’ short-term operating needs as well as long-term institutional needs)

Country

United States

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$70

Performance (%, 1YR)

10.48

Chief Executive

Richard Hall

Chief Investment Officer

Richard Hall

Chair

James C. Weaver

Asset allocation

26.4% Public Equity

6.6% Directional Hedge Funds

27.8% Private Equity

4.3% Global Fixed Income

1.3% Long Treasuries

10.1% Stable Value Hedge Funds

1.7% Cash and Other Assets/Liabilibilities

2.1% Inflation Linked Bond

4.7% Natural Resources

3.1% Infrastructure

7.9% Real Estate

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of August 31, 2024. All information is as per the most recent annual report or other publicly available data via the fund's website

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Investor Profile

UTIMCO telegraphs opportunities in small caps ahead

Small caps have lagged returns in the S&P500 and stand to benefit most from rate cuts because of floating rate debt. It's why UTIMCO's chief Rich Hall forecasts investors opportunities ahead.

Sarah RundellOctober 31, 2024

Investor Profile

UTIMCO gets ready for 2024

The endowment for two major Texan universities is hoping for a soft economic landing but planning for a recession. It is honing a playbook that ensures ongoing liquidity to make distributions, is not over its skis in terms of capital calls and commitments and has the firepower to invest in.

Sarah RundellJanuary 17, 2024

Investor Profile

After the horror of 2022, UTIMCO says asset classes set to do well

It’s possible that a traditional 60:40 passive portfolio could get close to a target return of 7-8 per cent this year in a trajectory not seen for the last 12 years, according to Rich Hall, CIO of $65 billion University of Texas endowment.

Sarah RundellJanuary 12, 2023

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UTIMCO harvests SPAC boom

UTIMCO's new CIO Rich Hall talks at the December board meeting about the profits the fund has found in SPACs, adding that UTIMCO is currently deploying strategies to arbitrage the market where Hall estimates there are still around 500 SPACs looking for acquisition targets.

Sarah RundellDecember 20, 2021

Investor Profile

Bridgewater and UTIMCO talk China

The $41 billion University of Texas Investment Management has been investing in China since 2007 and its CIO, Britt Harris says it “must be taken seriously”. Presenting at the endowment's board meeting, co-CIO of Bridgewater, Bob Prince, agreed, saying “China is too big to avoid”.

Sarah RundellOctober 17, 2019

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UTIMCO aims for ‘total alignment’

A new strategy reigns at the U. of Texas endowment, designed to help chief executive and CIO Britt Harris build on an already stellar reputation for adding talent and helping it thrive.

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