U. of California Ordered to Disclose Venture Fund Returns

A state judge on Tuesday issued a tentative ruling ordering the University of California System to obtain and release data on the performance of specific venture funds in which it has investments, Reuters reported. The university has maintained that the information isn't covered by open records laws because it receives investment performance in aggregate, not fund by fund. But the judge ruled that the university must make a "good faith" effort to obtain the information, and then to release it.