Watch the Regents' Investment Committee Meeting of May 11, 2021

The UC Regents began with a meeting of the Investments Committee. Public comments referred to the Hawaiian telescope, abortion and fetal tissue research, student housing rent, and labor relations issues. The usual reports on returns of the various segments of the portfolio were made. However, there was an interesting discussion by UC-Berkeley Professor Christina Romer on the outlook for inflation. Prof. Romer took the position that while there might be some temporary inflation increase due to bottlenecks as the economy recovers, there is not likely to be sustained inflation much above the Federal Reserve's 2% per annum target. The Fed will not slam on the brakes even if the inflation rate goes somewhat above 2%, in her view.

A closed session of Compliance and Audit followed with that mysterious "Pension Administration Project" about which we have previously blogged.*

You can see the session at https://archive.org/details/investments-5-11-21.

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*http://uclafacultyassociation.blogspot.com/2021/03/annoyed-about-pension-administration_15.html; http://uclafacultyassociation.blogspot.com/2021/03/annoyed-about-pension-administration.html; http://uclafacultyassociation.blogspot.com/2020/01/the-regents-will-be-meeting-january-21.html.