Texas PSF’s executive team is comprised of professionals with deep, proven expertise in the areas of portfolio management, economics, risk management and statistical analysis; and a commitment to upholding the highest standards of prudence, transparency, and accountability.

Robert Borden, CFA

Robert Borden serves as Texas PSF Corporation’s Chief Executive Officer and Chief Investment Officer, directing all investment and operations activities. He works with the corporation’s nine-member governing board to facilitate strategic planning, develop policy, and set the fund’s strategic asset allocation.

In 2011 he was a founding partner in the launch of Delegate Advisors and led that firm to profitability and success before selling his interest in 2022. He founded and served as Managing Partner for Palmetto Research Partners, LLC, an independent financial consulting firm, for more than 25 years.

Previously Borden worked as CEO/CIO of the South Carolina Investment Commission, managing $28 billion in assets at the time of his departure, and as both the executive director and CIO of the Louisiana State Employees’ Retirement System.

A native Texan, Borden started his career at Franklin Federal Bancorp in Austin where he served as Vice President. He went on to serve as Treasurer for Texas Mutual Insurance Company.  

He holds a Master of Science in Finance from Louisiana State University, as well as Bachelor of Business Administration in Finance from the University of Texas at Austin. He is a Chartered Financial Analyst and Chartered Alternative Investment Analyst.


Stuart Bohart

Stuart Bohart is Deputy Chief Investment Officer, responsible for strategic partnership development and oversight of the hedge fund, direct lending, and co-investment portfolios. Prior to joining Texas PSF in 2024, Mr. Bohart served in executive management and advisory roles in the asset management industry, including as President of quantitative firm FORT Investment Management and as Senior Managing Director of diversified alternatives firm Fortress. 

From 1997 until 2010, Mr. Bohart worked in various roles at Morgan Stanley including co-head of Global Investment Management, global head of Prime Brokerage, Portfolio Manager for a multi-strategy hedge fund, and as a member of the Morgan Stanley Management Committee. He has lived and worked in the People’s Republic of China, Japan, and the United Kingdom. 

Mr. Bohart graduated from Northwestern University with a Bachelor of Arts degree in economics and Asian studies and has a certificate in Strategic Planning from the Harvard Business School.


David Trice, CPA, CTP

David Trice serves as Senior Managing Director of Investment Finance and Operations. Mr. Trice, a life-long native Texan, has been part of the PSF team since 2010.  Prior to that, his professional experience spanned from public accounting to internal audit and controllership for a publicly traded company based in San Antonio.

Mr. Trice graduated from the University of Texas at San Antonio and holds a Bachelor of Business Administration with a concentration in accounting.  He is a Certified Public Accountant and a Certified Treasury Professional.


John C. Wright

John Wright serves as General Counsel and Chief Compliance Officer. He previously held the position of Director of Legal & Compliance of the Permanent School Fund for 5 years. Before joining the Permanent School Fund, he worked as Deputy General Counsel for the Texas Treasury Safekeeping Trust Company, the investment arm of the Comptroller of Public Accounts, for 8 years.  Prior to that, Mr. Wright was counsel to the Texas Department of Transportation where he handled legal matters related to complex public-private partnerships for vital infrastructure projects.

Mr. Wright earned his JD from The University of Texas School of Law and has practiced law since 1999. He holds a BA in Communications from Southern Methodist University.