Game Changer

The Man Running the University of California’s Lean, Mean Endowment Machine

Jagdeep Bachher has turned around the state university system’s $110 billion fund by ruthlessly cutting fat.

Illustration: Sam Kerr

Jagdeep Bachher stands out among chief investment officers.

First there’s the headwear. Bachher is a practicing Sikh, and the turban he wears, whether orange, red, or baby blue, is always perfectly paired with his business attire, matching his tie, even his socks.