In order to enhance the process by which the various Funds'? investments are governed and managed, the Board of Regents of The University of Texas System on March 1, 1996 contracted with The University of Texas/Texas A&M Investment Management Company ("UTIMCO"?) to invest funds under its fiduciary control. UTIMCO is a 501(c)(3) corporation modeled after investment management companies organized by Harvard, Princeton, Stanford, and Duke Universities to invest their respective assets. It is the first investment corporation formed by a public university system and oversees investments in the Permanent University Fund, the Permanent Health Fund, the Long Term Fund, and Intermediate Term Fund, and other assets.