University of California, Office of the Regents (UCOP)

UC investments currently manages a portfolio of investments, which includes retirement, endowment, and cash assets. Since 2015, UC Investments has integrated material environmental, social and governance risk factors into its investment process because doing so improves the ability to calculate risk-adjusted returns. As part of the University of California, UC Investments is committed to diversity, equity and inclusion. It turns commitment into action via its diversified returns program

Country

United States

AUM

$111

Performance (%, 1YR)

12.70

Chief Executive

Jagdeep Singh Bachher

Chief Investment Officer

Jagdeep Singh Bachher

Performance Notes

Based on pension pool

Asset allocation

Based on pension pool

63% Public Equity

11% Fixed Income

12% Private Equity

11% Other Investments

3% Cash

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website

University of California: Less is more and simple is better in investing

Jagdeep Singh Bachher, the CIO who oversees the University of California's $198 billion in pension and endowment assets, says that he wants to keep investment simple as the fund removed its hedge fund allocation completely, conceding "it’s not one of the things we are good at doing".