University of California Must Disclose Fund Investments Details

Source: businessweek.co Posted By: Mary P...4440 days ago

The University of California, which manages a $70 billion investment portfolio for retirees, faces a tentative court order to make “a good faith effort” to get and disclose the returns it earns from Sequoia Capital and Kleiner Perkins Caufield & Byers funds.

State court Judge Evelio Grillo in Oakland, California, said in a tentative ruling that information about the university’s commitment to the funds, cash in them, current net asset values and returns for individual investment vehicles with....

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