Score another one for the University of California Board of Regents
and Chief Investment Officer Jagdeep Bachher.
UC has hired Eduard van Gelderen CEO of APG Asset
Management and executive board member of APG Groep N.V, which
managed $493 billion at the end of March as a senior
managing director, the institution announced Thursday. Van
Gelderen led APG since 2014, and previously held roles at ING
Investment Management and Lombard Odier Darier Hentsch.
Van Gelderen will report to Bachher as a member of the
senior investment team, according to the press
Bachher has assembled an all-star team over the last three years,
including real assets head John Ritter (formerly of the Teacher
Retirement System of Texas), Senior Managing Director Scott
Chan (ex-CIO of Sacramento Countys public pension),
interim Chief of Staff Sam Kunz (ex-CIO of Chicagos
police pension), and Chief Risk Officer Rick Bookstaber, an
investment risk guru who has held senior roles at the U.S.
Treasury, Bridgewater Associates, Morgan Stanley, and
Bachhers team oversaw a $107 billion pool of assets as of March 31. This includes a $60
billion defined benefit pension scheme, $10 billion endowment,
$14.5 billion in working capital, and, as of this year,
UCs insurance assets of $1 billion.
Eduard is a globally recognized investor and leader
with over 25 years of capital markets experience across
different asset classes and liability driven investments,
Bachher said in the release.
He joins a small team of experienced investors dedicated
to investing globally.