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UC divests hedge funds as CIO criticizes high fees, low returns
The university system's board of regents approved new investment policies without allocations to absolute return for its $198 billion investment portfolio, effective July 1.
Rich Nuzum, the industry veteran who oversaw Mercer’s emergence as a global outsourced CIO giant in recent decades, is joining Franklin Templeton to spearhead that firm’s ambitions to become a contender in the space.
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