[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6155740,"mediaKeyId","5473631-a8b4ff2e1018f01fa039c1cdf5e68d57","parentId",5473631,"title","Regents adopt modest investment-policy changes, formalize 5% endowment spending rule","audioSeconds",197,"startMs",1803000,"endMs",2000000,"viewUrl","/Search/View?dp=1&key=5473631-a8b4ff2e1018f01fa039c1cdf5e68d57&start=1803&end=2000","thumbnailUrl","https://assets.pipeline.soar.com/5473631-a8b4ff2e1018f01fa039c1cdf5e68d57/thumbnail_1803000.jpg","articleUrl","/articles/6155740/California/Regents-adopt-modest-investment-policy-changes-formalize-5-endowment-spending-rule","mediaUrl","https://secure.pipeline.soar.com/6155740-d7c3647b903fb17f024eccbb5327f7ef/orig.mp4?Expires=1770775353&Signature=dCreuff4~nBbt~8dNg5Kk-aPgC3jFnN0PWzaU6oOhbYSKZtp5rgEmmI~1WfEEI-5xIBSYIQ8uMFh6lZZ9i4PoXV~4W9GfY8xPQTpzo8XOOWp-gAWKE~JCrFlF4EwxJaT5jocKbX9NMYah7zwlaA5kCSG6nzWSeiRjZT-q3z1Wivu-mBBLdYgQ8RWwLcS5obLDPuaB2LI9kQGeaE8WaQP75jkwSbWbn9uFl7FgKwk1ff2AMz8IHo7y07pFP9K4VVOed-N~xX1CffLT9zQ2aWvwUtRR-MoDS-c-6BaOcfVksP6HxWOkjP0yjQGhlcEvaltfi4c4zT4Clxwb806zcc3Ug__&Key-Pair-Id=KUT5TJCACFTXG","author","University of California","date","2025-07-13T00:00:00Z","article","The University of California Board of Regents approved updates to investment policy guidance and formalized endowment spending procedures as part of the Investments Committee report.

The committee presented a five-year review of investment policy ranges and recommended modest adjustments to target ranges following a prior reduction in hedge-fund exposure and removal of “absolute return” as a guiding category. The committee also formalized a 5 percent spending policy on endowments that the university had begun applying in practice last year.

The committee chair reported strong recent investment returns and said total assets under management were approaching $198 billion at the close of the fiscal year on June 30. Despite strong market performance, the chair noted the pension fund’s actuarial coverage remained at roughly 87 percent and said the committee will continue to study the coverage gap.

Members moved and seconded the investment-policy item and approved it by roll call. The committee said more detailed return figures and supporting materials would be posted for regents following the meeting.

(Ending) The investment-policy adjustments were adopted; the committee will continue to analyze pension funding levels and post detailed performance metrics to the board’s materials.","mediaType","Video","parentTitle","Board 11:30 AM","oneSentenceSummary","The Board of Regents approved a five-year update to investment policy ranges, removed an absolute-return reference, and memorialized a 5% endowment spending policy after reporting strong returns and near-$198 billion in assets under management.","taxTitle","University of California, Boards and Commissions, Executive, California","taxId",76757,"location","California","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6155744,"Regents authorize president to expand estimated 2025 net fee for national labs by $30 million",82,2077000,2159000,"/Search/View?dp=1&key=5473631-a8b4ff2e1018f01fa039c1cdf5e68d57&start=2077&end=2159","https://assets.pipeline.soar.com/5473631-a8b4ff2e1018f01fa039c1cdf5e68d57/thumbnail_2077000.jpg","/articles/6155744/California/Regents-authorize-president-to-expand-estimated-2025-net-fee-for-national-labs-by-30-million","https://secure.pipeline.soar.com/6155744-915be75872d00a53f6df7fc91f4829e7/orig.mp4?Expires=1770775353&Signature=jOYCLphbftML8d89fa7Q-5iN9xHX9skgkxTwBnsRq0wqlwIYTC3NG0X6XWlJ41mDvAgwmakTpLS66S7~KCxzfg3RTXE4y3vJLGct~Ho3na3XoKMczEpjog4mzlSI50IujlCItS70UMKE0UL3MYJjWMVtxUXlmbNwAuEVBID7VpTcLScMTtsz-0NfiODecH1yaMIW1pUfgLVvaYkbNUrYCHJ36iIHZYxCW3MySlD6ZZ3tp-q6s1r1WMIBeMl2cMhUoYiw8SJemn0JxJuOuTPYfe1xTghqAd5DOAs8eGcKtKDLsnWl5WYO15txlPgGMPkWfpMay7WCfILEDk5gStJvmQ__&Key-Pair-Id=KUT5TJCACFTXG","The University of California Board of Regents approved a recommendation from the National Laboratories Committee to authorize the UC president to expand an estimated 2025 net fee of $30,000,000 related to the university’s limited liability companies that hold contracts to operate Department of Energy national laboratories.

The committee’s item, presented in the board book and described during the committee report, noted UC’s partial ownership of two LLCs that operate DOE national labs and recommended the president be authorized to expand an estimated 2025 net fee of $30,000,000 as set forth in the committee’s item. The recommendation was moved, seconded and approved by roll call.

Regents described the action as an authorization for the president to proceed with the fee expansion; the transcript records the committee chair explaining the background and then the roll-call approval. No further detail on the breakup of the $30,000,000 or on subsequent budget allocations was read into the public record during open session; the item referenced detail contained in the board materials.

(Ending) The board approved the committee’s recommendation; materials in the regents’ packet provide additional detail on the estimated fee and how it is calculated.","The Board of Regents approved a recommendation authorizing the UC president to expand an estimated 2025 net fee of $30,000,000 related to UC's partial ownership of entities that hold DOE national lab contracts.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6155749,"Regents approve Dennis Assanis as UC Santa Barbara chancellor, set $880,000 base salary",0,672000,"/Search/View?dp=1&key=5473631-a8b4ff2e1018f01fa039c1cdf5e68d57&start=672&end=672","https://assets.pipeline.soar.com/5473631-a8b4ff2e1018f01fa039c1cdf5e68d57/thumbnail_672000.jpg","/articles/6155749/California/Regents-approve-Dennis-Assanis-as-UC-Santa-Barbara-chancellor-set-880000-base-salary","https://secure.pipeline.soar.com/6155749-684113944efbde747bb30afb3ea64bf1/orig.mp4?Expires=1770775353&Signature=Ik-rfasqzbPNTO67WFGEwq45OtjnOWcG2YT05ftNfp1HACjaA9QO-DKFaDvTsrm~nlnqyoNuWiVeaeIyZqOpOLsr9UglkNC5Fmh45xMSUDY8MlhFtSkwkSpiVSxQLYzseLaDPlDaoOQ-L~~6ZjzPnjvOfuJ8IZIjRgwKCcKLE0~P-M1zrryEiF-oub5TW1YeZE~R1zsEbV7rJmBf5gzbaRgNI8CnsmrmiJxCWEHJjKD1PGMOWwZrDa2NL5PdM482ACocEEC2P5rMOGvLkIfynV-7hdtyL5G9KIUl73g8qEO2oCoQ9fllXl9UUxiRvqCGZIDKpXhki6ap~cBWPLOdXw__&Key-Pair-Id=KUT5TJCACFTXG","The University of California Board of Regents on Thursday approved the appointment of Dr. Dennis Assanis as chancellor of UC Santa Barbara, setting an annual base salary of $880,000 and listing an effective start date on or about Sept. 1, 2025. The appointment was moved by Lieutenant Governor Eleni Kounalakis and approved by roll call.

The action follows a nationwide search and campus input collected by the search advisory committee, which the regents said led them to Assanis, who has served as president of the University of Delaware since February 2016. In remarks read to the board, President Michael Drake said he and President-designate Mike Mills concur that Assanis is “the best person to shape the next chapter for UC Santa Barbara” and cited his record increasing total research expenditures at Delaware from $176,000,000 in 2016 to $466,000,000 in 2024.

The regents’ item describes the proposed $880,000 base salary as roughly the 49th percentile of the position’s market reference zone; additional compensation details were included in the board item. The regents called for a roll-call vote; the motion carried and the appointment was approved.

Assanis addressed the board and attendees after the vote, thanking the search committee, regents and university leadership and describing priorities including student success, interdisciplinary graduate and professional education, and stronger public–private partnerships to translate research into economic impact. He said UC Santa Barbara should “continue to enhance the quality of education we deliver, the graduation rates and careers of our graduates, and the lifelong learning networks and opportunities.”

Board materials presented to regents noted Assanis’s academic background: an undergraduate degree in marine engineering from Newcastle University, three master’s degrees from MIT (marine engineering, mechanical engineering, and management) and a Ph.D. in power and propulsion from MIT. The materials also summarized Assanis’s leadership at Delaware, where he led creation of a research campus and work with the National Institute for Innovation in Manufacturing Biopharmaceuticals, a public–private partnership described in the presentation as a driver of industry research on vaccines and pharmaceuticals.

The board did not amend the compensation package during the public roll call, and the motion as presented carried. The transcript shows campus and system leaders praised the hire and welcomed Assanis and his wife, Eleni; the regents recorded the vote by roll call immediately before Assanis’s remarks.

The appointment concludes the search advisory committee’s work and sets the stage for Assanis to assume campus leadership. The board’s item noted additional contract terms and benefits in the item packet; those terms were not read into the record.

(Ending) The regents’ approval finalizes the selection; Assanis’s assumption of the chancellorship is pending completion of any administrative onboarding steps and the effective date noted by the regents.","The University of California Board of Regents voted to appoint Dr. Dennis Assanis as chancellor of UC Santa Barbara, approving an annual base salary of $880,000 and confirming his expected start date of Sept. 1.","actionData","errors"]

Article not found

Regents adopt modest investment-policy changes, formalize 5% endowment spending rule

Regents authorize president to expand estimated 2025 net fee for national labs by $30 million

Regents approve Dennis Assanis as UC Santa Barbara chancellor, set $880,000 base salary