University of California Assets Fell $9 Billion in Market Rout
- Endowment, pension, other assets were $114 billion on Dec. 31
- Equities are half of portfolio; rest in alternatives, bonds
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Stock market turmoil in the fourth quarter hit the University of California’s retirement and endowment assets, which fell $9 billion in the period, according to the state system’s investment office.
Total assets were $114 billion at year end, the office reported at a Jan. 15 board meeting. Losses were concentrated in the public equity portfolio, which was $53.1 billion, or 47 percent of assets, down from 52 percent on Sept. 30.