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UC Investments Committee reviews second-quarter results; CIO recommends higher equity exposure and flags tariffs, inflation risks
Summary
University of California investment staff presented fiscal-year-to-date results, discussed asset-allocation strategy, and the chief investment officer proposed reallocating absolute return assets into public equities while warning of higher-for-longer interest rates and tariff-driven inflation risks.
Jagdeep Singh, Chief Investment Officer for the University of California, briefed the Investments Committee on March 14 on fiscal-year-to-date performance, liquidity needs for campuses and hospitals, and strategic positioning amid geopolitical and policy uncertainty.
Singh told Regents the system’s assets under management were approximately $184 billion at the start of the fiscal year and that pools had fluctuated; he updated figures to market data as of March 14 during the presentation. He said working-capital pools (short-term and total-return) supported campus liquidity, noting the short-term investment pool was roughly $1.3 billion as of January 31 and…
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