Medical artificial intelligence technology company MedWhat.com, Inc and its CEO Arturo Devesa, have filed a lawsuit for fraud in the Supreme Court of California in San Francisco against their investor Stanford Management Company (SMC).
The UC endowment grew 15.1 percent for the year ending June 30, 2017, outperforming its policy benchmark by 2.6 percent. Chief Investment Officer Jagdeep Singh Bachher, who joined UC in April 2014, said he is proud of what his team has achieved.
The University of California General Endowment Pool has increased its real assets target weighting by 2% and integrated real estate into the allocation.
Coal stocks are on the rebound, but California’s main public pension fund won’t see investment gains from that industry.
CalPERS lost a big case at the U.S. Supreme Court this week. The decision will cost California government retirees around $300 million. The court voted 5-4 to dismiss a lawsuit...
The $324 billion California Public Employees’ Retirement System (CalPERS) may reduce its private equity exposure after receiving public criticism for investing in the high-fee asset class.
One of the major challenges facing the California Public Employees Retirement System, which handles retirement benefits for the state and more than 3,000 local agencies, is that its $324-billion pens...
If you guessed that the University of California system would champion “sustainable” investing, you’d be correct. The catch is, the shelves in the sustainable investing aisle aren’t especially well-stocked with opportunities. U.S. college endowments altogether hold more than $500 ­billion in assets, a growing part of which they’ve allocated to sustainable or “impact” investing. Yet they also face something of a paradox: Where, exactly, does one invest that money? The easy answer, and one popular among smaller endowments, is to buy funds of stocks deemed green. Another option is real assets, says Jagdeep Bachher, who oversees the University of California’s...
YL Ventures has raised a $75 million third fund, according to a filing with the SEC. The California firm makes seed investments in Israeli tech companies and was founded by Yoav Leitersdorf.
A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the fund said.