This was a great opportunity to witness the processes and conversations at the highest level of decision making for UTIMCO. The PHF and the LTF are pooled and invest in shares of the General Endowment Fund (GEF). . Register Here. It was the first investment corporation formed by a public university system, and is governed by a nine-member board consisting of at least three members of the UT System Board of Regents, four members appointed by the UT System Board of Regents, three of which must have substantial background and expertise in investments, and two members appointed by the Texas A&M System Board of Regents, one of which must have a substantial background and expertise in investments. A verification email is on its way to you. . The past week was very exciting for the UTIMCO interns as we had the opportunity to sit in on the annual board meeting. He is excited for the opportunity to further his understanding of Private Equity from a global perspective. Pat received a Bachelor of Arts, with Honors in Psychology, from Vanderbilt University and a Doctor of Medicine from The University of Texas Medical School at Houston. In this way, an endowment represents a permanent legacy and provides the means to create a margin of excellence in higher education for The University of Texas and The Texas A&M University Systems. Not the case? He is a Certified Public Accountant and a CFA Charterholder. Previously, he was a Senior Vice President at Zurich Alternative Asset Management, where he was responsible for sourcing, underwriting and executing U.S.-based real estate investments. Edward began his career as a civil engineer working on commercial and residential real estate development projects. UTIMCO's mission is to generate superior long-term investment returns tosupport The University of Texas and Texas A&M UniversitySystems as they provide world-class teaching, push theboundaries of discovery, and achieve excellence in patienthealthcare for the people of Texas and beyond. We use cookies to analyze website traffic and optimize your website experience. Dominic Diongson - 16 May 2018 Edward serves as a Managing Director of Real Returns Investments for UTIMCO where he oversees the endowments real estate, natural resources, and infrastructure portfolios. We believe that a diversified portfolio produces the best risk-adjusted returns so we invest across asset classes, investment styles, geographies and other methods of . He is a member of UTIMCOs Senior Investment Team as well as the Investment Committee and Leadership Team, primarily providing input on economics and interest rates. In order to enhance the process by which the various Funds' investments are governed and managed, the Board of Regents of The University of Texas System on March 1, 1996 contracted with The University of Texas/Texas A&M Investment Management Company ("UTIMCO") to invest funds under its fiduciary control. UTIMCO is focused on fulfilling one specific task: To maintain our legacy of success, we continue to build a superior long-term investment strategy that will provide increasing levels of purchasing power for scholarships, teaching, research and other educational programs of The University of Texas and The Texas A&M University Systems. here to register, Not for publication, email or dissemination, Springbank Collective founders backed dozens of start-ups before raising debut fund, Refocus on the outcomes were looking to drive from diversity, urges SineWaves Yanev Suissa, BrainBox AI collects $10m for latest round, increasing it to $30m, Norwest taps Rudnitsky as CRO operating executive, Insight Partners collects $118m for sophomore 20/20 Vision Capital fund, SEC hit at least seven VC firms with enforcements last year, The unaddressed opportunity in emerging managers. Emiliano received his Bachelors in Accounting from The University of Texas Rio Grande Valley and will pursue his MBA with specialization in Accounting. Copyright Notice: Copyright 2020 by Financial Investment News (FIN) and GRLM, UTIMCO has a diversified portfolio of approximately forty hedge fund managers employing a variety of investment strategies including long/short equity, event, opportunistic, credit and distressed securities, and global macro approaches. Ms. Santos-Wuest was the recipient of the 2018 Vanguard Leader Award from the Council of Urban Real Estate. 2023 The University of Texas System. Fund Flow is a podcast for Emerging Managers offering insights into the journey of new and aspiring fund managers seeking to have success in a crowded market. Prior to that, Ms. Chudgar was a Principal in Alternative Investments at Credit Suisse Group AG, and also held positions at Onex Real Estate Partners, iStar Financial, Inc., and began her career at JP Morgan Chase. 04.05.23 April 2023 Issue UTIMCO CEO Stepping Down By FIN Staff The only publication focusing exclusively on emerging & diverse asset managers. Our Mission. bulk distribution needs, please contact Rob Regan at 212-627-7615 or e-mail. Starting a new fund requires a lot of hard work and dedication. By accepting our use of cookies, your data will be aggregated with all other user data. Dr. Pace began his career as a resident in Otolaryngology (ENT) at the University of Virginia Hospital. The abundance of change over the last nine months has greatly impacted emerging managers and how they approach their businesses. New York Marriott Marquis, September 20-21, 2023 In addition to the project selection process, we completed a variety of training sessions, met our mentors, and spoke with the Chief Investment Officer, Rich Hall. As part of a . Edward P. Evans Hall Courtney Powers is a Managing Director of UTIMCO and Portfolio Manager responsible for UTIMCOs $8.5 billion Directional Hedge Fund Portfolio. with honors in Government and Economics from the University of Notre Dame, a Masters degree with honors in International Affairs from Columbia Universitys School of International and Public Affairs and a Juris Doctor degree with honors from Columbia University Law School. Amandas primary investment responsibility is to manage the Developed Markets Equity portfolio of predominantly long-only and long-biased public equity investments across the globe. Managing Director - Risk Management The University of Texas/Texas A&M Investment Management Company. New York Marriott Marquis, September 20-21, 2023 Please check your spam or junk folder just in case. Union Square Ventures ranks as a top performer in UTIMCO's late-decade venture portfolio, thanks to its backing of LendingClub For the first time since PitchBook began collecting data, experienced managers closed more funds than emerging managers. A year of advanced leadership training for MIM graduates of top business schools around the world, Master's Degree in Public Education Management. Prior to UTIMCO, Mukund worked as an electrical engineer at Freescale Semiconductor. Ms. Chudgar is responsible for developing and implementing the acquisition and asset management strategies for Artemis Income and Growth Fund. She is excited to be working with our Public Equity team this summer. Amanda received a BBA in finance and marketing from the University of Michigan, and an MBA with honors, with concentrations in finance, entrepreneurship, and strategic management, from the University of Chicago Booth School of Business. Amanda Hopper joined the Public Equity Investments team of UTIMCO in 2008. Uzi joined UTIMCO in 2004, and heads its Risk Management since 2006. Russ Kampfe has over 30 years of fixed income market experience and almost 25 years of total return portfolio management experience, he is responsible for fixed income portfolio strategy for UTIMCOs internal bond portfolios, using econometric, technical and inter-market analysis to formulate views on interest rate movements and sector allocation. Additionally, she is a member of New York Women Executives in Real Estate (WX) and a member of the UDMUC green council at the Urban Land Institute. Join to see who you already know at UTIMCO. ET, as a panel of distinguished practitioners, Peter Braffman (Grosvenor Capital Management), Anar Chudgar (Artemis RE Partners), Larissa Herczeg (Oak Street RE Capital), and Eddie Lewis (UTIMCO), discuss the risks and returns of the emerging manager program investment space. Douvos thinks that even if markets rebound, there will be fewer new vehicles and a lower total fund size. Carolina de Ons is a Managing Director, Chief Compliance Officer, and the General Counsel of UTIMCO. Endowment funds are a permanent, self-sustaining source of funding, and must be managed with consideration given to current and future beneficiaries with the goal of providing the same level of economic support to both in perpetuity. Prior to joining GCM Grosvenor, Mr. Braffman was a Partner in the Customized Fund Investment Group of Credit Suisse Group AG. He has responsibility for all aspects of Operations, Accounting and Reporting for the Investment Funds under UTIMCOs management. Powers joined UTIMCOs Hedge Fund group in 2007. Prior to Mesirow, Tony was a trader at Bridgewater Associates, a $160B hedge fund located in Westport, CT. At Bridgewater, Tony was responsible for managing the firm's fixed income trading activity, which included developed market rates, emerging market debt, corporate debt, and inflation-linked bonds. Worked at UTIMCO for six years with responsibility for managing the lower middle-market and emerging market private equity portfolios. UTIMCO is a 501(c)(3) corporation modeled after investment management companies organized by Harvard, Princeton, Stanford, and Duke Universities to invest their respective assets. At least three members appointed by the UT System Board and at least one member appointed by the Texas A&M System Board must have substantial background and expertise in investments. Click here. Lara McKinney. In addition, Mr. Harris is currently a member of the Presidents Working Group for Financial Markets and an advisor to the New York Federal Reserve. She is an accomplished public speaker on a variety of topics, including fiduciary matters, governance, private investment funds, compliance matters, and securities litigation. We furthered our training on the Bloomberg terminal, and we had the opportunity to attend a Bloomberg seminar in downtown Austin where we learned about research on the current state of market factors, among many other interesting topics. She started her career in investment banking at Merrill Lynch. Chronicling The Consortium Conference: Unveiling The Highlights Over The Years, Chicago Park Seeking Diverse Bond Managers, Chicago Park Launches MWDBE Bond Mgr. Bekah is an undergraduate industrial engineering student also pursuing her Master of Science in Finance at Texas A&M University. Our legacy of success begins with our investment team delivering consistent and exceptional long-term investment returns. The University of Texas/Texas A&M Investment Management Company. Britt Harris, UTIMCO's CEO, CIO and President, has a long history over the last 25 years of promoting investments in minority and women owned firms, including creating one of the first emerging manager funds in the US and creating the second largest emerging manager program in the US while at Teacher's Retirement System of Texas. She is responsible for all legal and compliance matters and enterprise risk management for UTIMCO and serves on the Leadership Team and Investment Committee. UTIMCO is a not-for-profit corporation modeled after investment management companies organized by Harvard, Princeton, Stanford, and Duke Universities to invest their respective assets. Uzi Yoeli is the Managing Director for Risk Management at the University of Texas/Texas A&M Investment Management Company (UTIMCO). What are LPs seeking today and small and emerging managers may adapt their messaging? This website is brought to you by the MIT Investment Management Company. Dr. Pace serves on the boards of MMIS, Inc, and Encision (ECIA), as well as Executive Chairman of Nanospectra Biosciences. Prior to her tenure at UTIMCO, Amanda served as a Senior Investment Associate in the Private Markets group for the Teacher Retirement System of Texas. Mukund Joshi is a member of PREA and CFA charter holder. Only logged in subscribers of this site will be able to access the shared article. After a decade or more of low interest/bond rates, institutional investors have poured monies into Alternative Investmentshedge funds, private equity, real assets and real estateresulting in an increase of smaller and more diverse investment managers (sometimes known as Small and Emerging Managers, or SEMs), that feature specialized and/or localized strategies offering higher yields to investors, while also allowing investors to address their mandates to address diversity/equity/inclusion policies. Tony graduated from Duke University in 2003 with a BS in Economics. Only logged in subscribers of this site will be able to access the shared article. Tune in as McGuireWoods partner and host, Jon Finger, is joined by guests ranging from first-time fund managers to proven emerging managers, Gus received his BS in Computer Science from Kansas Wesleyan University. Not the case? We are looking forward to progressing with our summer projects and expanding our networks throughout UTIMCO! Finally, Weston is a rising Senior at Texas A&M University, where he is studying Electronic Systems Engineering and earning a Master's in Finance. Carolinas legal practice includes a strong litigation and regulatory background with extensive experience before both state and federal courts and agencies. Prior to TRS, Rich had mergers & acquisitions related positions in industry and investment banking with Bank of America, Tomkins plc, Dell Ventures and Deutsche Banc Alex Brown. News, 15 West 26th Street, 4th Fl. 2005 and Hollingworth's first board position, TRS has committed $3.7 billion to emerging managers and $1.7 billion to emerging managers in alternatives over the 13 years. Joan received her BBA in Accounting from The University of Texas at Austin and is a Certified Public Accountant. Of course, MITIMCo works with a variety of different types of firms, not just stockpickers. He graduated from the University of Texas at Austin with degrees in Business Administration and History. This is in fact one of the most valuable things you can do with your time and with your life. We #thankyou for your commitment to our mission. He serves on the Advisory Council for the UT-Health School of Biomedical Informatics and on the Investment Committee for the St. Davids Foundation. UTIMCO manages the largest public endowment fund in the nation, which is both a privilege, and a responsibility. My goal is to be a helping hand to those with the tenacity, passion, integrity, and investment acumen to be excellent investors. Carolina holds a BA in government and a JD, both from the University of Texas at Austin, and is a member of the Texas and New York bars. Endowment assets are generally invested with a view toward long-term capital appreciation. The University of Texas/Texas A&M Investment Management Company Our Mission We generate superior long-term investment returns to support The University of Texas and Texas A&M University Systems as they provide world-class teaching, push the boundaries of discovery, and achieve excellence in patient healthcare for the people of Texas and beyond. Each year, a portion of the endowment value is paid out to support the donors designated purpose or other purpose, and any investment earnings in excess of these distributions help build the funds market value over time. He also serves on UTIMCOs Leadership Team and Internal Investment Committee. Our legacy of success begins with our investment team delivering consistent and exceptional long-term investment returns. In this role, Amanda and the Public Equity team are responsible for managing the public equity portfolio for the various funds managed by UTIMCO. They do not want to write small checks and would not want to be more than 20 percent of a fund." He added that funds in the range of $200 million to $250 million is a sweet spot for them.
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