The University of California wins battle with Thomson Reuters for the right to not disclose the investment performance of venture capital funds within its portfolio.
The University of California (UC) has won a legal battle with news provider Thomson Reuters after a California court ruled that UC was not obliged to release performance metrics of its investments into venture capital firms.
The suit, filed by Thomson Reuters subsidiary Reuters America, argued that the California Public Records Act (CPRA) required disclosure of information regarding investment returns from UC’s $11.23bn endowment fund. Specifically, the suit sought information pertaining to investment performance on funds managed by venture capital…
