Investment Disclosure


Investment Disclosure Information

The following investment information for Lamar University, Beaumont, Texas is presented for the purpose of compliance with the State Auditor's Office reporting requirements (required in Rider 5, page III-243 of the General Appropriations Act -79th Legislature) and the investment requirements outlined in the Public Funds Investment Act presented in Chapter 2256 of the Texas Government Code. The information presented here is informational only and should not be relied upon to provide direction for an individual's or another institution's investment needs. 

For inquires regarding the institution's investments, contact:

Mr. Craig Ness
Vice President for Finance and Operations
Wayne A. Reaud Building, Rm. 316
PO Box 10051
Beaumont. TX 77705
PH. 409-880-8395
FAX 409-880-8404
craig.ness@lamar.edu

Investment Policies

Texas State University System (TSUS) Policies for Operating Funds and Endowment Funds are approved by the Board of Regents of the Texas State University System and are published on the TSUS website.

Investment Advisors/Managers

Does the institution employ outside investment advisors or managers and , if so, who are they?

Yes. Lamar University employs an outside investment advisor and outside investment managers for the University endowment and non-operating assets. The advisor has no investment authority. 


Advisors/Managers

Consultant

Shepherd Kaplan
Fran Coopersmith
West Palm Beach office
400 South Australian Avenue, Suite 750
West Palm Beach, FL 33401
561-253-7500


Operating Funds - Commingled Funds

DFA LP
6300 Bee Cave Road, Building One
Austin, TX 78746

Vanguard Group, Inc.
PO Box 2600
Valley Forge, PA 19482


Endowment Funds - Separately Managed Accounts

Tortoise Capital Advisors, LLC
11550 Ash Street, Suite 300
Leawood, KS 66211

Endowment Funds - Commingled Funds

AlphaSimplex, LLC
255 Main Street, 10th Floor
Cambridge, MA 02142

DGHM, LLC
565 Fifth Avenue, Suite 2101
New York, NY 10017

Driehaus Capital Management, LLC
25 East Erie Street
Chicago, IL 60611

Parnassus Investments
1 Market Street, Suite 1600
San Francisco, CA 94105

Pear Tree Advisors, Inc.
55 Old Bedford Road, Suite 202
Lincoln, MA 01733

REMS Group, LLC
1100 Fifth Avenue South, Suite 305
Naples, FL 34102

Vanguard Group, Inc.
PO Box 2600
Valley Forge, PA 19482

Do the outside investment advisors or managers have the authority to make investment decisions without obtaining prior approval?

The managers have the authority to make investment decisions, within their asset class and according to TSUS investment policy guidelines, without obtaining prior approval.


Soft Dollar Arrangements

Does the institution use soft dollar, directed brokerage or directed commission, commission recapture, or similar arrangements? (These arrangements typically involve using brokerage commissions as a means of paying for other related investment services through credits of a portion of brokerage commissions paid rather than through direct payments, or using selected brokers who will rebate a portion of commissions they receive on trades for the investor.) If the answer to this question is yes, the institution must summarize briefly the guidelines that govern the use of such arrangements. 

Lamar University does not use soft dollar arrangements.

Foundation

Is the institution associated with an independent endowment or foundation? If the answer to this question is yes, the institution must provide contact information (i.e., name and address) for the individual(s) who manage the independent endowment or foundation. The institution must also provide, if available, the market value of the endowment;s or foundation's investments.

Lamar University is associated with the Lamar University Foundation.  The Lamar University Foundation has board members who manage the Foundation.  The market value of the Foundation's investments as of August 31, 2016, the most recent year end, was $74,075,861.00. 

For questions regarding the Foundation contact:

Juan Zabala
Executive Director
University Advancement
409-880-8923