University of Chicago investments return 18.8%
By Rob Kozlowski | October 6, 2011 11:39 am
University of Chicago’s endowment returned 18.8% in the fiscal year ended June 30, confirmed spokesman Steve Kloehn.
It is the second straight year of positive returns for the $6.3 billion endowment, which returned 19% in the year ended June 30, 2010.
The endowment also reported annualized returns of 3.5% for the three years and 6.8% for five years, both as of June 30.
The returns “reflect the continued broad recovery of equities and private markets, together with strong performance by the university’s investment managers,” according to a news release.
Mr. Kloehn was unable to provide further details by press time.