Asset Owners

University of California expands roles of 2 execs

Samuel Kunz, managing director of asset allocation and investment strategy, and Ronnie Swinkels, director, public equity, in the University of California Regents' office of the chief investment officer, now have "significant new responsibilities," according to a written statement from the CIO's office.

Effective immediately, Mr. Kunz will lead passive public equity investments, while Mr. Swinkels will head active public equity assets. Both will report directly to UC CIO Jagdeep Singh Bachher.

Their titles will remain unchanged, said Stepanie Beechem, a University of California spokeswoman, in an email.

"These moves will ensure the seamless execution of the investment strategy I have put in place over the four years I have served as the university's chief investment officer, and reflect our commitment to grow and nurture the next generation of leaders in our industry," Mr. Bachher said in the written statement.

The investment office oversees the Oakland-based university system's $66.7 billion pension fund and $11.9 billion endowment.

Three investment officers have left over the past two months, including Eduard van Gelderen, a senior managing director overseeing all of the equity investments and the commodities portfolio.