A hedge fund manager for the University of California has left her post, the university confirmed Thursday.
Lynda Choi, a managing director in the public equity investment division of the Office of the Chief Investment Officer of the Regents, will leave her position July 1, according to UC spokesperson Shelly Meron.
Jagdeep Singh Bachher, the UC chief investment officer and vice president of investment, said Choi had been working for the university for a decade. Choi left for personal reasons, he said, and was “moving on to new opportunities and adventures.”
“She’s done a great job,” Bachher said. “But there are few jobs in life that last forever.”
Choi led a team that managed the university’s investment in hedge funds, or a combination of stocks and bonds. Her team oversaw $6 billion of the total $90 billion managed by the office of the chief investment officer.
The university will seek someone to permanently fill Choi’s position. Edmond Fong, who also works in the office of the chief investment officer and whom Bachher described as Choi’s “deputy,” will take over Choi’s responsibilities in the interim.