Andrea Reed was hired by the University of Texas Investment Management Co., Austin, as director-risk management, a new position. UTIMCO oversees a combined $14 billion in Permanent University Fund, endowment and operating assets. Ms. Reed will start in early May and report to Bob Boldt, chief investment officer.
Ms. Reed was portfolio risk manager and associate treasurer for investments for Houston-based Rice University's $3 billion endowment fund. No information was available on a replacement.
Heidrick & Struggles, Houston, conducted the UTIMCO search.