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Hey Texplainer: Between ERCOT, ICROT, and TxDOT, I can't keep track of all these acronyms. What, for example, is UTIMCO?
The simple answer: It's the acronym for University of Texas Investment Management Company, a nonprofit company with a single client, the University of Texas System (and, to a lesser extent, the Texas A&M University System). With the universities it serves under pressure not to hike tuition rates, even though fewer state dollars are flowing their way, the company's performance will be under intense scrutiny this session — and UTIMCO officials are still recovering from last session's showdown over their generous bonuses. To explain all this for us, we called in an expert: CEO Bruce Zimmerman.
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