The University of California’s president and investments committee chair are standing by chief investment officer Jagdeep Bachher following charges of mismanagement at the $118 billion investment office. An investigation by Institutional Investor, published September 6, found Bachher had allegedly used investment staff for personal errands, overrode asset-class heads’ opposition to invest with UC’s ex-investments chair, and twice leaked confidential information about an outgoing employee. “Just read the story. It’s an ugly one, no doubt,” UC President Janet Napolitano apparently wrote Bachher in a September 6 email, which he forwarded to staff. II obtained and verified a copy, along with several other internal documents. “You should know that I remain fully confident in you and your abilities,” Napolitano continued. “You are an important and integral part of our leadership team.”

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by Leanna Orr, Institutional Investor.

Posted: September 11th, 2018, by: admin. Categories: . Awaiting Comments.