University of Texas Pension Head Returns To Private Sector

Sep 8 2006 | 12:00am ET

Bob Boldt, a prominent hedge fund champion who has headed the University of Texas system’s endowment for four and a half years, resigned from his post this week. Reportedly unhappy with the university board of regents’ increased oversight of the endowment’s investments, Boldt is returning to the private sector. It is not yet know where Boldt will go.

As CEO and chief investment officer of the University of Texas Investment Management Company, Boldt placed about one-quarter of the $19.3 billion endowment with hedge funds. He has also fought for greater transparency in the private equity sector, refusing to invest with p.e. firms that wouldn’t publicly disclose their performance.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...