COLLEGE STATION, Texas – Chancellor of the Texas A&M University System (TAMUS), John Sharp announced today that LCG Associates, Inc., of Atlanta, Georgia, has been selected as the institutional investment advisor to TAMUS. The firm has over 30 years experience in the field and has agreed to an initial 5 year term in the relationship.
“We were fortunate to have tremendous response to our RFP for these services and feel that LCG Associates’ unique combination of endowment expertise, research capabilities and client service will serve our constituents well over the coming term,” said Sharp. “I hope this will truly be one of those win-win relationships that will create a competitive advantage for TAMUS.”
The consulting firm officially began their term as advisor on August 1st, but will work in parallel with the previous advisory firm in a one month transition of services. LCG was hired on a full retainer basis for the assignment.
Ed Johnson, President and Chief Executive Officer of LCG Associates, Inc., offered the following statement, “We are excited and honored to be selected as the Texas A&M University System’s investment consultant. We look forward to working with the investment staff and assisting them in any way possible.”
About the A&M System
The A&M System is one of the largest systems of higher education in the nation, with a budget of $3.8 billion. Through a statewide network of 11 universities, seven state agencies, two service units and a comprehensive health science center, the A&M System educates more than 131,000 students and makes more than 22 million additional educational contacts through service and outreach programs each year. Externally funded research expenditures exceed $820 million and help drive the state’s economy.
About LCG Associates
Founded in 1973, LCG Associates is a national, employee-owned investment consulting firm. As an independent company, the firm provides proactive, value-added consulting services and research to institutional and private clients. LCG is headquartered in Atlanta, Georgia with an office in Dallas, Texas.
Contact: Steven B. Moore