Monday, November 10, 2014

UC Big On Hedge - Not on Calpers Approach

Bloomberg: "The UC records don’t show the specific hedge funds in which the university has holdings, nor do they show the cost of administering the program. Klein said that information wasn’t available." The investments -- $52 billion from the university retirement plan, $15 billion from a retirement savings plan and smaller amounts from endowments, short-term and total investment pools -- are overseen by Chief Investment Officer Jagdeep Singh Bachher, who reports to President Janet Napolitano and the university regents.
see Bloomberg: University of California Defies Calpers on Hedge Funds

(and btw, in the piece, a question arises for regular UC biz readers-- why is a UCOP 'public records coordinator' answering questions or making statements on UC investments?)

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