University of California Endowment Returns 8.24% in Fiscal 2019

The University of California’s endowment returned 8.2% for the fiscal year ending June 30 raising its total asset value by $7.4 billion to $126.1 billion.

Private equity was the top-performing asset class for fiscal 2019, returning 27.4%, followed by fixed income, which earned 7.5%. Absolute return, real estate, and real assets returned 7.2%, 7.0%, and 6.2% respectively, while public equities and cash returned 4.6% and 3.3%.“Other investments” returned 12.5% for the year.

The UC Total Return Investment Pool earned 6.3% for the fiscal year, while the UC Short-Term Investment Pool earned 2.3% for the year.

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CIO Profile: Jagdeep Bachher (University of California Officer of the Regents)

Two University of California Investment Managers Replace Departees

Tags: Private Equity, University of California

Amy Borrus

The Council of Institutional Investors deputy director Amy Borrus, will become the group’s head honcho next August, Borrus will be replacing Ken Bertsch, the current executive director, who is slated to retire.

Borrus joined the organization in 2006 and had previously been interim director from June 2015 to March 2016. Prior to her work at the Council, Borrus was a 20 year veteran of BusinessWeek.

“Amy is a highly regarded leader on corporate governance issues, and she has built strong relationships with key stakeholders” said Ash Williams, CII board chair and executive director and chief investment officer for the Florida State Board of Administration.

The Council of Institutional Investors is a nonprofit and nonpartisan organization of US asset owners from all sectors, representing a combined $4 trillion in assets under management. The group pushes for corporate governance, shareholder rights, and fair and transparent capital markets.

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“I am very pleased that Amy will succeed me,” said Bertsch. “We have worked as a team, and this signals continuity as CII builds its membership, deepens and broadens its mission to serve institutional investors, and develops the excellent CII staff.”

Tags: Amy Borrus, Ash Williams, Council of Institutional Investors, Ken Bertsch