The University of California system on Friday said that it would divest from private prison companies, dropping investments worth about $30 million. The decision came after the university's chief investment officer met with a black student organization. "This made sense given our conclusion that, based on risk over the next several years, these holdings were not a good investment for a long-term investor such as UC," a university spokesperson said. College campuses saw a wave of student protests against racism in 2015.
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