Capital Allocators – Inside the Institutional Investment Industry Jase Auby - Risk, Size, and Talent at Texas Teachers (EP.404)
20 snips
Sep 9, 2024 
Jase Auby, Chief Investment Officer for the Teacher Retirement System of Texas, manages a $200 billion pension fund supporting over two million educators. He shares insights from his journey from Wall Street to public pensions, emphasizing the significance of risk management in investment strategies. Auby discusses Texas's unique position in energy investments and the importance of blending quantitative and qualitative insights for decision-making. He also highlights challenges like talent retention and the evolving landscape of asset management, showcasing his impact as a thought leader.
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Early Computer Interest
- Jase Auby's interest in computers led him to join the yearbook staff solely for access to Macintoshes.
- He pursued engineering but transitioned to finance at Goldman Sachs, driven by a desire to use computers rather than build them.
Innovation and Hiring Trends
- Innovation often follows hiring trends, as seen with Jase Auby's transition to Lehman Brothers to focus on CDOs.
- He became a key figure in this burgeoning market despite not initially intending to pursue that specific career path.
Entrepreneurial Stint
- After 12 years on Wall Street, Jase Auby returned to his hometown, Austin, to pursue entrepreneurship.
- Although not highly lucrative, these ventures provided valuable experience, particularly in partner selection.
