FYI: Eduard van Gelderen — now chief investment officer of a massive Canadian pension fund — spent a year at the University of California’s investment office in Oakland working for Bachher. Van Gelderen says he was shocked at his first board meeting to see “one of the investment fellows literally carrying Jagdeep’s suitcases.” It was a trend. “Every single Friday a guy goes shopping at the farmer’s market in downtown Oakland for Arthur” — Guimaraes, Bachher’s righthand man — “and Jagdeep. It goes so far that when Arthur went on holiday, he ordered one of his guys to actually bring out the garbage [at his house]. They really didn’t like to do it, but felt that they were forced into a position that they needed to do these things.”
Regards,
Ted
https://www.institutionalinvestor.com/article/b19v0909wkp8td/Crisis-at-Jagdeep-Bachher-s-University-of-California-Investment-Office
