Reported about 12 hours ago
The University of California's chief investment officer, Jagdeep Singh Bachher, urged Treasury Secretary Scott Bessent to advocate for educational institutions, emphasizing their role in his success as a hedge fund manager. He highlighted the need for federal support amidst ongoing investigations into antisemitism on campuses and potential funding cuts that could affect biomedical research. Bachher also pointed out the university's strategic investments and connections with prominent financial figures, calling on Bessent to acknowledge the importance of university endowments and pensions in his career.
Source: YAHOO