Texas Investment Fund Adds Scrutiny Based on Sanctions

The University of Texas/Texas A&M Investment Management Company, known as UTIMCO, has announced that it is adding scrutiny of any investments with ties to countries that are under U.S. sanctions. Those countries include Iran, North Korea, Russia, Sudan and Syria. A statement from UTIMCO said that the review could lead to the sales of some investments, but that no major impact was expected on the fund.