Utimco

Politics & Policy |
February 9, 2009

Taking on a “big dog”

The Capitol gossip machine has worked overtime since Thursday’s explosive Senate Finance hearing, but Chairman Steve Ogden vehemently denies any coordination with the Governor’s office to ambush former UT Regent Robert Rowling. Everyone who hasn’t had a paper sack over their heads knows by now that Dallas billionaire Rowling quit…

Politics & Policy |
February 8, 2009

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

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…

Politics & Policy |
February 7, 2009

The pension funds: time for oversight

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…

Politics & Policy |
February 6, 2009

Perry/Dewhurst UTIMCO letter is about politics

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…

Politics & Policy |
February 5, 2009

Rowling: Take this job and shove it

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.