See Inside: State of infrastructure investing
Table: U.S. endowment hedge fund portfolio performance
Ranked by one-year return; assets, in millions, and performance are as of June 30, 2011.
By Pensions & Investments | December 12, 2011
| Institution | One-year return | Bench- mark | Outper- formance % | Total fund perform- ance | Total assets | Hedge fund assets | HF assets as % of total assets |
|---|---|---|---|---|---|---|---|
| University of Virginia (long/short equity)* | 16.3% | N/A | N/A | 24.3% | $5,347 | $1,187 | 22.2% |
| Yale University | 12.7% | N/A | N/A | 21.9% | $19,900 | $3,298 | 17.0% |
| The University of Texas System | 12.5% | 6.5% | 6.0% | 20.3% | $20,100 | $5,889 | 29.3% |
| University of California | 12.3% | 2.5% | 9.8% | 20.5% | $6,731 | $1,571 | 23.3% |
| Harvard University | 11.6% | 9.6% | 2.0% | 21.4% | $32,000 | $5,120 | 16.0% |
| Cornell University (hedged equity)* | 8.0% | 13.8% | -5.8% | 19.9% | $4,922 | $540 | 7.6% |
| Cornell University (marketable alternatives)* | 7.7% | 5.3% | 2.4% | 19.9% | $4,922 | $765 | 8.7% |
| University of Virginia (absolute return)* | 7.4% | N/A | N/A | N/A | $5,347 | $438 | 8.2% |
| Total | $89,000 | $18,370 | |||||
| HFR Fund Weighted Composite index | 11.50% | ||||||
| HFR Fund of Funds Composite index | 6.68% | ||||||
| *Endowment maintains separate hedge fund portfolios. Source: endowment fund documents | |||||||