By R.G. RATCLIFFE and JEANNIE KEVER
Copyright 2010 Houston Chronicle
July 14, 2010, 9:40PM
AUSTIN — Fearing unstable international financial markets and the possibility of high inflation, Texas' higher education investment managers have bought more than $500 million in gold.
The gold purchases represent only 3 percent of the University of Texas Investment Management Co.'s $22.3 billion in investment funds, but it indicates how deeply the fund managers are concerned about the global financial future. LINK...
