The Fund's Advisory Committee is chaired by the Chairman of the UT Department of Finance. The industry members on the Committee are chosen by the Board from leading finance professionals. The Advisory Committee is responsible for advising the investment counselors and the students on their investment policies. The Advisory Committee holds two formal meetings each year, one in the spring and one in the fall.

The Advisory Committee Members as of January 2012:

• Board of Directors

  Dr. Keith C. Brown, CFA, University Distinguished Teaching Professor and Fayez Sarofim Fellow, The University of Texas at Austin

  Mr. Gary T. Crum, President, CFP Foundation

  Dr. George W. Gau, George S. Watson Centennial Professor in Real Estate and J. Ludwig Mosle Centennial Memorial Professor in Investments and Money Management, The University of Texas at Austin

  Mr. Robert H. Graham, Chairman, AIM Management Group Inc.

  Mr. Ralph B. Thomas, Senior Vice President, Fayez Sarofim & Co.

• Officers and Staff

  Mr. Sanford J. Leeds, Esq., CFA, President, The MBA Investment Fund, L.L.C.

  Mrs. Juana Hardwick, Secretary, The MBA Investment Fund, L.L.C.

  Ms. Anita Cunningham, Accountant & Office Manager, The MBA Investment Fund, L.L.C.

• Advisors

  Mr. Brent R. Adams, Managing Principal, Olivewood Capital LLC

  Mr. James F. Arens, II, CFA, Chief Investment Officer, The Trust Company of Oklahoma

  Mr. Brian T. Bares, President, Bares Capital Management, Inc.

  Mr. Michael Brakebill, CFA, Chief Investment Officer, Tennessee Consolidated Retirement System

  Mr. Prentiss Burt, Managing Director, J.P. Morgan

  Mr. G. Staley Cates, CFA, President,  Southeastern Asset Management

  Mr. Mark Coffelt, CFA, President and Chief Investments Officer, Empiric Advisors, Inc.

  Mr. Tim Collins, Director of Capital Markets, GoldenTree Asset Management, L.P.

  Mr. William Diehl, Senior Vice President, UBS Private Wealth Management

  Mr. Pat Dorsey, CFA, Vice Chairman and Director of Research & Strategy, Sanibel Captiva Trust Company

  Mr. Ben Fischer, CFA, NFJ Investment Group

  Mr. J. Philip Ferguson, Esq.

  Mr. C. T. Fitzpatrick, CFA, CEO, CIO, Vulcan Value Partners

  Mr. Ben Giele, CFA, Senior Portfolio Manager, American Century Investments

  Mr. Stuart Gleichenhaus, Senior Managing Director , FTI Consulting

  Mr. Britt Harris, Chief Investment Officer, Teacher Retirement System of Texas

  Mr. Stephen S. Head, Head of US Client Development, Carlson Capital LP

  Mr. Craig Hester, CFA, CIC, President & CEO, Hester Capital Management

  Mr. Jim Hille, CFA, CAIA, Chief Investment Officer, Texas Christian University

  Mr. Robert Holt, Principal, Holt Capital Partners, L.P.

  Mr. Donald W. Hultgren, Sterne Agee Group, Inc.

  Mr. Ted Janus, Principal, J Capital, Inc.

  Ms. Jacqueline Johnson, CFA, Deputy Director of Investments, Employees Retirement System of Texas

  Mr. J. Luther King, Jr., President, Luther King Capital Management

  Mr. Robert Koort, CFA, Managing Director, Chemicals Industry, Global Investment Research, Goldman Sachs & Co.

  Mr. Ed Levy, Executive Vice President, William O’Neil & Company, Inc.

  Mr. William McAdams, President, WJM Capital Management, Inc.

  Mr. Mark E. McMeans, CFA, CPA, CEO, Brasada Capital Management

  Mr. John D. McStay, Managing Partner, John McStay and Associates

  Mr. Anmol Mehra, Equity Analyst, Fidelity Management and Research

  Mr. Stephen P. Moore

  Mr. Shea B. Morenz, Managing Partner, STRATFOR

  Mr. Robert C. Mueller, CFA, Sr. Vice President – Investments, Private Wealth Management, UBS Financial Services, Inc.

  Mr. Ray Nixon, Jr., Barrow, Hanley, Mewhinney & Strauss

  Dr. John W. Peavy, CFA, Chief Investment Strategist, Smith Group Asset Management

  Ms. Beth Robison, CFA, Vice President, Fayez Sarofim & Co.

  Mr. Gil Scott, CFA, Senior Vice President, Waddell & Reed

  Mr. Tushar Shah, CFA, Director of Public Markets, Willett Advisors LLC

  Mr. Michael Shearn, President, Time Value of Money, L.P.

  Mr. Jim Sherwin, CFA, Director of Public Equities, Employees Retirement System of Texas

  Mr. Alex C. Smith, CFA, Founder and CEO, Meritage Capital, L.P.

  Mr.Warren W. Tennant, CFA, Portfolio Manager, Invesco Investment Services, Inc.

  Mr. John M. Thornton, CFA, Vice President, Portfolio Manager, Stephens Investment Management Group, LLC

  Mr. Vernon D. Torgerson, Jr., CFA, Executive Vice President, Frost National Bank

  Mr. Michael Turner, President, Houston Market, Mutual of Omaha Bank

  Mr. Ted Wang, Partner, Goldman, Sachs & Co.

  Mr. Brad Warden, Investment Analyst, Waddell & Reed

  Mr. John H. Watts, Chairman, Fischer Francis Trees & Watts

  Mr. Bruce Zimmerman, Chief Investment Officer, UTIMCO

• Faculty Advisors

  Dr. William Charlton, CFA

  Dr. John Griffin

  Dr. Beverly Hadaway

  Dr. Greg Hallman

  Dr. Jay Hartzell

  Dr. Jennifer Huang

  Dr. Shimon Kogan

  Dr. Robert Parrino

  Dr. Ehud I. Ronn

  Dr. Clemens Sialm

  Dr. Laura Starks

  Dr. Sheridan Titman

The Fund's Directors, Advisors and Student Portfolio Managers assist the fund on an uncompensated basis. No management fee is assessed to the investors by the Fund. However, operating and administrative costs associated with the Fund are charged to the Fund's investors.