Wednesday, March 2, 2016

"The study recommended that the UC Board of Regents require full public fee disclosure from hedge fund managers and consultants dating back to 2003 and conduct an asset allocation review to examine less costly investment approaches".

"University of California’s twelve-year experiment with Hedge Fund Investments has fallen far short of the expectations on which they were sold--costing the system nearly a billion dollars in performance and management fees for returns that largely mirrored the stock market, according to a new study by the UC system’s largest employee union, AFSCME Local 3299.

In addition to their high cost, UC’s hedge fund investments also failed to deliver on their twin promises of downside protection and “superior returns,” and were outperformed by the S&P 500 Index by more than 52%.

The report, entitled “Missing the Mark: How Hedge Fund Investments at the University of California shortchange students, staff and California taxpayers” explores the history and performance of the UC’s largest Hedge Fund holdings."
You can read the report : here
University Of California’s Hedge Fund Investments Plagued By High Fees

They also cover this

Davis Vanguard with Vanguard Analysis: UC Davis Driving Housing Crisis in Davis

Daily Cal also covered this issue recently here:

And Davis Vanguard followed up with more analysis here:

Also, this on a UC Davis event:

No comments:

Post a Comment