The Regents begin their 3-day meetings today with a session of the Investments Committee. Note that the documentation for the committee on investment returns indicates that the pension portfolio has been earning below benchmark rates for the last ten years for the period ending Dec. 31, 2024. (There is a similar table for the endowment indicating earning below benchmark for the last 5 years.) It will be interesting to hear the explanation - if there is one.
Source of the table above: https://regents.universityofcalifornia.edu/regmeet/mar25/i1.pdf.
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