UC’s investment assets close the fiscal year at $152 billion
On Sept. 16, UC Investments announced that its assets under management stood at $152.3 billion as of June 30, 2022, down from $168 billion a year ago. Since 2014, however, the portfolios have grown by $57.4 billion, or 60.5%.
The University’s investment portfolios are spread across six unique financial products, addressing the needs of UC students, staff, retirees and locations.
“Throughout this rollercoaster of a year, UC Investments has done the slow, steady work of keeping our financial house in order,” said President Michael V. Drake, M.D. “And they’ve done so while deepening the ‘service mentality’ relationships they have with our campuses and embarking on a groundbreaking effort to make diversity, equity and inclusion a central part of how — and with whom — we invest.”
“This fiscal year tested investors throughout the world,” added Chief Investment Officer Jagdeep Singh Bachher, Ph.D. “We took it in stride at UC Investments. We kept to our plans and even in a negative market, were again able to add value to University of California portfolios.”Jagdeep Singh Bachher, President Drake, UC Investments