At the 2024 Delivering Alpha Conference, Jagdeep Singh Bachher, Chief Investment Officer (CIO) of the University of California (UC) system, shared his pragmatic, values-driven approach to managing one of the largest academic investment portfolios in the world. Overseeing $188 billion, Bachher discussed the delicate balance between fiduciary responsibility and meeting the evolving demands of students, faculty, and other stakeholders during a time of economic and social change.
A Transparent Approach to Divestment
Under Bachher’s leadership, UC Investments made bold decisions, including divesting from fossil fuels and tobacco in 2018. He explained that the move was driven both by financial prudence and a response to the concerns of the UC community. By evaluating long-term risks and returns, Bachher determined that...
