Firm profile
In order to enhance the process by which 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 a 501(c)(3) corporation modeled after investment management companies organized by Harvard Princeton Stanford and Duke Universities to invest their respective assets. It is the first investment corporation formed by a public university system and oversees investments in the Permanent University Fund the Permanent Health Fund the Long Term Fund the Short Intermediate Term Fund and other assets. UTIMCO is governed by a Board of Directors consisting of three UT System regents the Chancellor of the UT System and five outside directors with experience in investment management. The UTIMCO governance structure is designed both to preserve ultimate regental control of investments for fiduciary purposes and to increase the level of expertise in the governance of investments. Day-to-day management of funds is delegated to UTIMCO employees who provide a full range of investment management services exclusively to the UT System Board.