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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.