Statement on Diversified Returns

The Office of the Chief Investment Officer of the Regents (“UC Investments”) embraces the University of California’s Board of Regents’ policy on diversity  (Policy #4400), which describes the value of diversity to the University at large.

As stated in the Regents’ policy, “the diversity of the people of California has been the source of innovative ideas and creative accomplishments throughout the state’s history into the present. Diversity – a defining feature of California’s past, present, and future – refers to the variety of personal experiences, values, and worldviews that arise from differences of culture and circumstance. Such differences include race, ethnicity, gender, age, religion, language, disability, sexual orientation, gender identity, socioeconomic status, and geographic region, and more.”

UC Investments believes that investing benefits from teams that include a diversity of skills, backgrounds, experiences, and perspectives, which taken together can inform cognitive diversity.  Just as a diverse portfolio of assets minimizes investment risk, accessing a diverse range of top talent is an important tool in managing investment risk. 


To learn more, please see our annual Diversified Returns reports. UC Investments prepared its inaugural  report on diversity in 2019. Since then, we have voluntarily published an annual Diversified Returns Report - see our 2020, 2021, 2022 and 2023 reports.