U of California Sells Investments in Private Prisons

December 21, 2015

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."

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