Carlos Resendez, former executive director of the $20 billion Texas...

Carlos Resendez, former executive director of the $20 billion Texas Permanent School Fund, Austin, formed Presidio Asset Management, an institutional asset management firm focusing on large-cap core equities. Mr. Resendez, who also headed the San Antonio Fire & Police Pension Fund in the early 1990s, said the new firm expects to add a fixed-income capability in the future.