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robert rowling

Miller: UTIMCO up $400 million in year ending June ’08

Feb 8, 2009 By Paul Burka

Former UT regent Charles Miller provided additional information about UTIMCO’s performance as well as the payment of bonuses. As was the case with his previous comments, I am publishing his communication exactly as he wrote it. I think Zimmerman and UTIMCO made several hundred million dollars in profits ($400 million…

The pension funds: time for oversight

Feb 7, 2009 By Paul Burka

For many years after I first started working in the Capitol, the major pension funds and endowments were limited to conservative investments such as stocks and bonds and government instruments. Then Wall Street began going crazy and the investment managers asked the Legislature for the authority to play in real…

Does Hutchison benefit from Perry’s criticism of Rowling?

Feb 6, 2009 By Paul Burka

Here’s what a Hutchison hand told me. (I was driving and talking on my cell phone, so this is the gist of the conversation, not a verbatim rendition.) This is a legislative session in which Perry needs to show that he is a leader who can bring people together and…

Perry/Dewhurst UTIMCO letter is about politics

Feb 6, 2009 By Paul Burka

The resignation of Robert Rowling as a University of Texas regent and as chairmain of the UT System’s beleaguered investment company, UTIMCO, following Rowling’s appearance at a stormy session of the Senate Finance committee, was rife with politics. Rowling is a former Perry supporter who is backing Hutchison in the…

Rowling: Take this job and shove it

Feb 5, 2009 By Patricia Kilday Hart

Dallas billionaire Robert Rowling, chairman of the UTIMCO board, today abruptly resigned while under heavy fire from members of the Senate Finance Committee about $2.3 million in bonuses paid to fund managers for the University of Texas System and Texas A&M System’s endowment, which has declined 27 percent this year.