University of Texas Takes Delivery Of $1 Billion In Gold Bars After Cue From Hedge Fund Manager Kyle Bass, Storing It In New York Vault

Kyle Bass Apr. 16 (Bloomberg) — The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board. The fund, whose $19.9 billion in assets ranked it behind Harvard University’s endowment [...] continue reading world news