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Regents adopt modest investment-policy changes, formalize 5% endowment spending rule
5473631 · July 13, 2025
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Summary
The Board of Regents approved a five-year update to investment policy ranges, removed an absolute-return reference, and memorialized a 5% endowment spending policy after reporting strong returns and near-$198 billion in assets under management.
The University of California Board of Regents approved updates to investment policy guidance and formalized endowment spending procedures as part of the Investments Committee report.
The committee presented a five-year review of investment policy ranges and recommended modest adjustments to target ranges following a prior…
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