Thursday, April 26, 2012

Discretion, Triggers, Best Ideas

Laura D'Andrea Tyson on Cali Higher Ed and national econ -- she mentions how Californians have boxed the Gov in - where the only discretion and greatest discretion is allowed for educational decisions-- meaning easiest to cut education.

and last night the CA Legislature held committee hearings on CA Comm Colleges and BOGG, you have to watch the public comment section-students from Orange Coast College gave compelling public comment, it was chaired by Assemblywoman Bonilla of Concord-- who makes some important comments about the triggers being mostly focused on education and why that is so.

Birgeneau, Yeary, Blumenthal, King 'best ideas conversation starter' discussed at Remaking the University

now have a better sense of why UCOP highlighted: this story

guess they knew: this was coming.

oh, and there is this:
(Reuters) - The University of California could be forced to disclose closely guarded information on the investment performance of venture capital funds managed by Kleiner Perkins Caufield & Byers and Sequoia Capital after a judge last week allowed a lawsuit over the issue to move forward.

The lawsuit, filed in California state court in Oakland by Reuters America, a unit of Thomson Reuters, argues that the state Public Records Act requires disclosure of specific investment-return information for the university system's $10.65 billion endowment fund.

The university says the investment-performance information for the individual funds is not in the public record because it does not have the data. It says it only receives aggregate data on its holdings in multiple funds run by the two firms -- a structure the lawsuit alleges is designed to avoid disclosure.

The lawsuit illustrates the conflict between the desire of public investment funds to invest with top-tier venture firms and the desire of those firms to keep their performance a secret. Many public institutions now use so-called "blocker" funds that are designed to satisfy disclosure requirements while keeping detailed investment performance data under wraps.


(this part made us laugh):
The University of California "takes compliance with the Public Records Act very seriously, and has complied in this case," said Dianne Klein, a university spokeswoman. "We believe the lawsuit is without merit, and will vigorously defend that position in court." read the whole thing: here

To see more on the UC and CPRA (CA Public Records Act) see this latest story from Davis, or UCLA Fac Blog history on the hotel conference center plans, or an audit Cal Aware conducted on UC and compliance with CPRA...

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