Draft:Richard Hall (investor)
 | This article may incorporate text from a large language model. |
Rich Hall | |
|---|---|
| Born | Richard Hall November 22, 1967 United States |
| Nationality | American |
| Education | Harvard University (BA), Northwestern University (MBA) |
| Occupation | Investment professional |
| Years active | 1990s–present |
| Title | President, Chief Executive Officer, and Chief Investment Officer at University of Texas/Texas A&M Investment Management Company (UTIMCO) |
Richard Hall (born November 22, 1967) is an American investment professional who serves as the President, chief executive officer (CEO), and Chief Investment Officer (CIO) of the University of Texas/Texas A&M Investment Management Company (UTIMCO). UTIMCO manages the endowments for the University of Texas System and the Texas A&M University System.[1]
Education
[edit]Hall earned a Bachelor of Arts degree from Harvard University and a Master of Business Administration from the Kellogg School of Management at Northwestern University, where he studied finance and strategy.[2][3]
Career
[edit]Early career
[edit]Hall began his career in mergers and acquisitions, holding positions at Bank of America, Tomkins plc, Dell Ventures, and Deutsche Bank Alex. Brown. These roles focused on corporate advisory and development work.[3]
Teacher Retirement System of Texas
[edit]Hall served as the Head of Private Equity at the Teacher Retirement System of Texas (TRS), where he oversaw investments in private equity and was a member of the Management Committee. At TRS, he worked with institutional investors and private equity firms.[2]
Harvard Management Company
[edit]Hall was the managing director and Head of Private Equity at the Harvard Management Company (HMC), which manages the Harvard University endowment. He was a member of the Executive and Investment Committees and was involved in restructuring and managing the private equity portfolio.[4]
UTIMCO
[edit]In 2018, Hall joined the University of Texas/Texas A&M Investment Management Company (UTIMCO) as Deputy Chief Investment Officer. In December 2021, he was promoted to Chief Investment Officer, a position he assumed on January 1, 2022.[5] On July 1, 2023, Hall was appointed president and CEO, succeeding Britt Harris.[6]
As CEO, Hall oversees UTIMCO's management of assets, including the Permanent University Fund, which supports public higher education in Texas. During his tenure, UTIMCO has reported asset growth and investment returns that have exceeded policy benchmarks. From 2020 to 2023, the organization achieved a 15.9% return, outperforming its benchmarks by 2.2%.[7]
Hall has expressed caution regarding private credit markets, citing risks associated with leverage. He has also emphasized long-term investment strategies and has advocated for the integration of Environmental, Social, and Governance (ESG) factors into investment decisions.[8]
Military Service
[edit]Before beginning his career in finance, Hall served as an intelligence officer in the United States Navy for six years.[9]
Board Memberships and Advisory Roles
[edit]Hall has served on the board of the Institutional Limited Partners Association (ILPA), where he held the position of Vice Chairman. He is also a member of the Securities and Exchange Commission’s Asset Management Advisory Committee.[10]
References
[edit]- ^ "Rich Hall: UTIMCO Team". UTIMCO. Retrieved 2024-12-10.
- ^ a b "Rich Hall Bio". Texas Wall Street Women. Retrieved 2024-12-10.
- ^ a b "Rich Hall: Biography". MarketScreener. Retrieved 2024-12-10.
- ^ "UTIMCO Hires Harvard Executive as Deputy CIO". Institutional Investor. Retrieved 2024-12-10.
- ^ "Britt Harris Hands CIO Reins to Deputy at UTIMCO". Pensions & Investments. Retrieved 2024-12-10.
- ^ "Legendary Investor Britt Harris to Leave UTIMCO". Institutional Investor. Retrieved 2024-12-10.
- ^ "UTIMCO Wary of Private Debt Market". Pensions & Investments. Retrieved 2024-12-10.
- ^ "UTIMCO Names Rich Hall CIO". Institutional Investor. Retrieved 2024-12-10.
- ^ "Britt Harris and New CIO Rich Hall Discuss Plans for UTIMCO's Endowment". Chief Investment Officer Magazine. Retrieved 2024-12-10.
- ^ "Rich Hall: Asset Management Advisory Committee". U.S. Securities and Exchange Commission. Retrieved 2024-12-10.
External links
[edit]- UTIMCO Official Profile
- Texas Wall Street Women Profile
- SEC Asset Management Advisory Committee
- Institutional Investor Articles