The California Institute of Technology, Pasadena, is conducting a full in-house review of the operations and investments of its $1.3 billion in assets - including the $850 million endowment, said Philip Halpern, the university's treasurer and CIO. Mr. Halpern said he did not know when the review would be completed.
Mr. Halpern and staff are undertaking what he called a ``full review'' that is not targeted around any particular themes or goals. Mr. Halpern said he wants ``to work with the investment committee. I need a better assessment of the committee's wishes, and (I want to) try to address those, given my own predilections.''
