The Chief Investment Officer will soon implement a new partnership program for the endowment.
UTIMCO chief Britt Harris plans to recommend BlackRock and J.P. Morgan Asset Management as the Texas endowment’s first strategic partners, according to meeting materials released ahead of the fund’s December 5 board meeting. BlackRock CEO Larry Fink and J.P. Morgan asset and wealth management chief Mary Erdoes are scheduled make presentations on behalf of their respective organizations at the December meeting.
If the board approves the new partnerships, each manager will receive a $1 billion commitment. As of October 31, UTIMCO managed about $48.7 billion across endowment and operating funds.
What assets will they manage?
Post by Marcelino Pantoja