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University of Texas nonprofit implements full-disclosure policy. (News Briefs).(Brief Article)
The University of Texas Investment Management Co., a nonprofit government corporation that manages investments for the University of Texas and Texas A&M, recently implemented a full-disclosure policy. Some of the 145 money managers who handle the fund's high-risk portfolio of private equity partnerships are expected to withdraw their services as a result of the policy that requires them to disclose performance results. Such action would likely lower the earnings for the University Fund's $1.7 billion portfolio. If money ...
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Source: HighBeam Research, University of Texas nonprofit implements full-disclosure policy....