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Eric Gay/ AP

Texas has picked a new boss for its $40 billion public university system endowment, The University of Texas Investment Management Company, Axios has learned. It's Britt Harris, the current chief investment officer at the $133 billion Texas Teachers' Retirement System. He is expected to serve as both CEO and chief investment manager, following last fall's resignation of Bruce Zimmerman.

Some TRS staffers were informed of the move this afternoon, while UTIMCO has a board vote scheduled for tomorrow afternoon to make it official. No comment yet from either system, nor word on who will replace Harris at TRS.

Why it matters: UTIMCO manages one of the nation's largest university endowments, while TRS is one of its largest public pensions.

Background: Prior to joining TRS, Harris was CEO of Bridgewater Associates and chief investment officer and president of Verizon Investment Management.

Go deeper

Updated 2 hours ago - Politics & Policy

Congressman criminally charged with lying to feds

Rep. Jeff Fortenberry. Photo: Al Drago/Bloomberg via Getty Images

Rep. Jeff Fortenberry (R-Neb.) has been indicted on charges he falsified records and lied to federal investigators probing an illegal foreign donation scheme, the Justice Department announced on Tuesday.

Driving the news: DOJ says a Fortenberry associate, who later cooperated with investigators, informed him he'd likely received illegal donations from an intermediary for a foreign national, but that Fortenberry denied any knowledge of such a scheme when contacted by the FBI.

"Assassin's Creed," but for schools

"Viking Age: Discovery Tour." Image via Ubisoft

For the third time since 2018, Ubisoft is releasing a nonviolent version of its latest “Assassin’s Creed” game as part of a unique effort to turn one of the medium’s most popular series into an educational tool.

Driving the news:Viking Age: Discovery Tour” transforms last year’s “Assassin’s Creed Valhalla” from a bloody 150-hour game about Viking conquest in 9th century England into a peaceful four-hour game about merchants and monks.

School enrollment fell by almost 3 million from 2019 to 2020

Kindergarten student Natalia Bayoumi holds the hand of her father Amir Bayoumi as he walks to the front door of Normont Elementary School in Harbor City, CA. Photo: Al Seib / Los Angeles Times via Getty Images

The number of individuals enrolled in the U.S. education system dropped by 2.9 million from 2019 to 2020, according to new data released Tuesday by the Census Bureau.

Why it matters: This marks the lowest level of school enrollment for those under 35 years-old in over 20 years, per the Census Bureau.