General Investing >> Money Manager Interviews >> December 13, 2004


I. CRAIG HESTER is President, CEO, CIO, Director and Portfolio Manager for Hester Capital Management, LLC, in Austin, Texas. Mr. Hester has been actively involved in professional investment management since 1972. Prior to forming HCM in 1989, Mr. Hester served as Director of Regional Asset Management for InterFirst Investment Management (1983-89); Chief Investment Officer of the Texas Municipal Retirement System (1979-1983); Assistant Vice President and Trust Officer at Republic National Bank, Dallas (1977-79); and Senior Analyst for the Teachers Retirement System of Texas (1972-76). He currently serves on the Investments Committee of the University of Texas Ex-Student's Association (past Chair), the Advisory Committee of The MBA Investment Fund, LLC of the UT Graduate School of Business, the Investment Advisory Committee of the Employees Retirement System of Texas (past Chair), and as an Investment Advisor to the Teacher Retirement System of Texas. A graduate of the University of Texas at Austin (BBA, 1971; MBA, 1972), Mr. Hester received the Chartered Financial Analyst designation in 1977 and the Chartered Investment Counselor designation in 1992. He is the past president of the Austin Investment Association and a member and past president of the Austin and San Antonio Societies of Financial Analysts. He currently serves on the board of Governors of the Investment Counsel Association of America, on the advisory council of the KMFA Capitol Broadcasting Association, on the Board of Directors of the Scottish Rite Learning Center of Austin, Inc., and as 2004 Chair of the Foundation for SafePlace. Mr. Hester is a member of the University of Texas Chancellor's Council, the Littlefield Society, and was recently elected to the boards of the University of Texas Investment Management Company and PlainsCapital Corporation. Profile
TWST: Would you give us an overview of Hester Capital Management and its

investment philosophy?

Mr. Hester: We started the company in 1989. We're an investment advisor

based in Austin, Texas.