Person details

I. Craig Hester


Appointed by Texas Supreme Court Chief Justice Nathan Hecht

Craig Hester was first appointed to the ERS Board in 2005 by Chief Justice Wallace Jefferson and has been reappointed twice.

He has been actively involved in professional investment management since 1972. Mr. Hester is a Principal at Luther King Capital Management. Prior to joining LKCM, he formed Hester Capital Management, where he acted as Chairman, CEO and Chief Investment Officer. Before that, Mr. Hester served as Director of Regional Asset Management for InterFirst Investment Management, Chief Investment Officer of the Texas Municipal Retirement System, Assistant Vice President & Trust Officer at Republic National Bank, Dallas and Senior Analyst for the Teacher Retirement System of Texas.

He currently serves on the Advisory Committee of the MBA Investment Fund, LLC of the University of Texas Graduate School of Business. Mr. Hester is a former board member of the University of Texas Investment Management Company (UTIMCO), former Investments Committee member and past chair of the University of Texas' Ex-Student's Association, former member and past chair of the Investment Advisory Committee of the Employees Retirement System of Texas and former investment advisor to the Teacher Retirement System of Texas. He is the past president of the Austin Investment Association and a member and past president of the Austin/San Antonio Society of Financial Analysts and the Austin Society of Financial Analysts. He is a former member of the Board of Governors of the Investment Adviser Association (IAA), a current Board member and past chairman of the Board of Trustees of the Joe R. and Teresa Lozano Long Center for the Performing Arts, and is a former member and past chair of the Foundation for SafePlace. Mr. Hester is a member of the Executive Committee of the University of Texas Chancellor's Council and of the Littlefield Society.

His term expires August 31, 2022

Type: Office
200 E. 18th Street
Austin, TX 78701


Organization Function From To
Board of Trustees Chair 09/01/2020 08/31/2021
Board of Trustees Vice Chair 11/01/2005 08/31/2020
Board of Trustees Trustee 09/01/2021
Joint Meeting of the Board of Trustees and Investment Advisory Committee Trustee 11/01/2005
Audit Committee Member 11/01/2005