UCLA Is Well Endowed But Seems to Have Problems of Performance
The Regents’ Investment Committee is meeting on September 25 and one of the items on the agenda is a look at what the various campus foundations are doing with their endowment investments. Above is a chart showing the asset mix of the different campuses as of March. [Click on the chart to enlarge and make clearer.] UCLA seems to be lower than the typical for the campuses in what might be viewed as conventional investments, i.e., equities and fixed income (and cash). It seems higher in such categories such as real estate, private equity, commodities, and absolute return (which a footnote identifies as hedge funds and the like).
UCLA’s non-conventionality does not seem to be producing higher returns, however, whether in the short run or the long term, as the chart below shows:
