U of California Sells Investments in Private Prisons

The University of California system has sold off its holdings in private prison companies, investments that black student groups have criticized. The university had $30 million in such investments, a relatively small share of its total holdings. The university generally avoids blanket divestment policies. A spokesperson said via email that these investments were dropped out of the belief that "these holdings were not a good investment for a long-term investor such as UC."