University of California posts 8.9% return for endowment, 7.8% for pension fund
The endowment returned an annualized net 6.5% for the three years ended June 30, compared to the custom benchmark’s 6.2%; 8.8% for the five-year period (benchmark 7.7%); 6.4% for 10 years (5.6%); and 6.7% for 20 years (5.6%). The endowment returned 15.1% in the previous fiscal year. The pension fund’s annualized net return for the three years ended June 30 was 6.5%, compared to the benchmark’s 6.6%; five years, 8.2% (7.7%); 10 years, 6.4% (5.8%); and 20 years, 6% (5.6%).
Read full article [here].
by James Comtois, Pensions and Investments.