Corporate Moves
University of California Reports Biggest One-Year Gain in History
The portfolios returned 28.9%, or $38 billion, in 2021 to raise their total asset value to $168 billion.
The investment chief has overseen a nearly 12-fold increase in the pension fund’s asset value since 1992.
He replaces Laurie Martin as head of the $40 billion Connecticut Retirement Plans and Trust Funds.
He replaces Seth Kelly, who resigned last month after less than a year at the post.