Texas Endowment to Review $1 Billion Gold Position, New CEO Says
By GCRU Gold News on Friday, March 2 2018, 02:42 - Permalink
“We’re in no rush to sell but it may not be a long-term strategic hold,”
Richard Hall, the former head of private equity at Harvard University endowment and now Utimco’s new deputy chief investment officer, said Utimco invested in gold after the credit crisis, when it was seen as a hedge against a collapse in the value of currencies. “Those systemic risks are not as prevalent,” Hall said.