University of California Board of Regents, Oakland, awarded $11.55 billion in passive mandates to State Street Global Advisors. The board, which oversees the investment of $58 billion in university retirement and endowment assets, picked SSgA to manage $8.3 billion in a fund tracking the Russell 3000 index and $3.25 billion in a fund tracking the EAFE index.
Previously, all university assets were internally managed and had no foreign exposure. Of the assets to be transferred, $9.55 billion were taken from a domestic stock portfolio and $2 billion from cash.
Wilshire assisted.
