Wizard of Omaha has slipped in some subtle advice for funds in Berkshire’s annual letter.
Compliance procedures expanded to include companies at risk of being sanctioned by US.
The Texas endowment's Permanent University and Long Term funds post gains of 5.8% over a 10-year period.
Anthony Caruso will run the new stable value section after hedge operations were split in two.
Rich Hall, who left Texas Teachers’ for Harvard, returns to Texas to join UTIMCO as deputy CIO. Harris says, "There are no near term plans to alter the endowment’s basic asset allocation at this time."
CEO/CIO Harris to renegotiate fees with endowment’s managers.
Board elevates interim appointee to full-time position.
Other benefits include golf membership, termination clause.
After 10 years with TRS, the legendary CIO will officially move on to head UTIMCO.
TRS veteran to replace seat vacated by Bruce Zimmerman last fall.