University of Texas Pension Head Returns To Private Sector

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.