The Regents are meeting today. Not all of them. However, the Committee on Investments is meeting at 1:30 pm.
On its agenda is possible changed guidance for investment of the UC pension plan portfolio. My impression is that there has not been much Academic Senate involvement in the process of coming up with recommendations, although we have some well-known financial experts on the faculty. You can find the Committee's agenda and background documents at:
Yours truly particularly liked the last link just above which says the new investment policy is slated to go into effect on April Fools Day.
In any case, we do have some advance audio from the meeting:
Also meeting today is a special (closed) committee on the search for a new UC president: