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Pension funds

UTIMCO’s new deputy CIO will join from Harvard Management

Rich Hall was named deputy chief investment officer of University of Texas Investment Management Co., Austin.

Mr. Hall will return to Texas to assist his former boss, T. Britton Harris III, chief investment officer, with management of about $42 billion of assets, including $29.1 billion of endowment funds, for the University of Texas and Texas A&M Systems.

The position is new, confirmed Karen Adler, a spokeswoman for UTIMCO, in an email.

Mr. Harris was chief investment officer of Austin-based $146 billion Texas Teacher Retirement System until June; he joined UTIMCO Aug. 1.

Mr. Hall was managing director and head of private equity and principal investments at Texas Teachers from 2008 to 2014 when he left to join Harvard Management Co., Boston, as managing director and head of private equity. HMC manages the $37.1 billion endowment of Harvard University.

Patrick McKiernan, an HMC spokesman, said in an email that Mr. Hall's last day is Feb. 2 but he declined comment about Mr. Hall's replacement.

Scott T. Slayton also will join UTIMCO in the new position of managing director of asset allocation, Ms. Adler said.

Mr. Slayton was most recently with Jamison Capital Partners. His title there and replacement could not immediately be learned.

“These are world-class investors with high character and integrity. We are honored that they have chosen to join UTIMCO and I know they will enhance a team that already is strong and adept,” Mr. Harris said in a news release from the UT System.