Texas Fund Seeks to Improve Returns, McRaven Says
- Endowment needs better gains for risk taken, chancellor says
- Search is on for CEO following Zimmerman’s Oct. 10 resignation
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The University of Texas Investment Management Co. is seeking to improve returns with a new investment chief for its $37 billion fund, Chancellor William McRaven said.
“For whatever reason, we just couldn’t get the returns we were looking for,” McRaven said Tuesday in an interview in New York. “We’re always looking for more money.”