The Office of the Chief Investment Officer of the Regents manages the University of California's retirement, endowment, working capital, and cash assets under the policies, guidelines, and performance benchmarks established by the Regents. The mission of the office is to implement those policies and guidelines by selecting, executing, and monitoring investment strategies designed to add value over the benchmarks within a risk-controlled framework. The office currently manages a portfolio totalling approximately $100 billion. These investments provide substantial benefits to current and retired employees and support the university's mission of education, research and public service.