Manager of $37 Billion Endowment for UT and A&M Resigns
Bruce Zimmerman, who oversees the state agency that manages the massive combined endowment for the University of Texas at Austin and Texas A&M University, has resigned.
Zimmerman has run the University of Texas Investment Management Company since 2007. Over that period, the total value of the assets that UTIMCO oversees grew from $23.5 billion to nearly $37 billion, according to the UT System. He said in a brief phone interview Monday that he felt it was "time to move on."
"I have been there for nine years and I am just delighted to have had the job," he said.
But, he added, "Change is inevitable."
Read more: https://www.texastribune.org/2016/10/10/ceo-utimco-which-oversees-ut-and-m-endowment-inves/
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bruce zimmerman resigns prior to accusations of embezzlement. 
