The University of Texas Investment Management Co. did its homework heading into the presidential election, studying the last 16 national elections and their effects on financial markets. Then it decided not to hedge against any outcome. “Because there is so much uncertainty, it is hard to know what to judge,” said Mark Warner, the interim CEO and chief investment officer at UTIMCO. “We just decided, while it is an important thing and will have market impacts and we’re all keenly attuned to it, direct action on our part was not something we felt was necessary at this point.”

November 9, 2016 ・ From Inside Higher Ed