More than $3 billion in value has been added to University of California Regents’ Endowment, Pension and Working Capital assets, the university announced today (Sept. 4).
Total assets managed by the Office of the Chief Investment Officer of the Regents are now $98.2 billion as of June 30, 2015, up from $90.6 billion at the end of the last fiscal year.
“We are pleased that these results, achieved as we continue to build our team and work with our peers, investment managers and the broader UC community, will make a tangible contribution to UC’s fiscal health,” said UC Chief Investment Officer of the Regents Jagdeep Singh Bachher, who joined the university in 2014.
“I am encouraged by the accomplishments of our new team and by the relative performance of our investments in the low-return environment of this past year, as well as by the stronger long-term results,” said Regent Paul Wachter, chair of the Committee on Investments.
The $3.2 billion in value added is comprised as follows:
| As of June 30, 2015 Fiscal Year | Market Value ($ billion) | Value Added ($ billion) | 1-Year (gross) | 1–Year (net) | Bench-mark Return | 5-Year (net) | 10-Year (net) | 20-Year (net) |
| Endowment | $8.9 | $0.6 | 8.6% | 7.2% | 3.5% | 11.3% | 7.4% | 9.0% |
| Pension | $55.0 | $2.3 | 5.1% | 4.5% | 2.2% | 11.0% | 6.3% | 8.4% |
| Total-Return | $7.4 | $0.2 | 3.0% | 2.6% | 1.2% | 8.6% | - | - |
| Short-Term | $6.8 | $0.1 | 1.5% | 1.4% | 0.4% | 2.0% | 3.0% | 4.2% |
| Retirement Savings | $20.1 | - | - | - | - | - | - | - |
| Total Entity | $98.2 | $3.2 | - | - | - | - | - | - |
Performance results will be discussed at the next meeting of the UC Board of Regents’ Committee on Investments. Results are available online at: http://regents.universityofcalifornia.edu/regmeet/sept15/i1.pdf