University of Chicago endowment's investments returned 6.8% for the year ended June 30, raising its market value to $6.51 billion, according to an endowment statement released Monday.
The endowment returned an annualized 14.7% over three years, 4.2% over five years and 9.6% over 10 years, all as of June 30.
All the returns exceeded the endowment's customized benchmark, the statement said. The benchmark returns were not available.
“The strong recovery of the endowment, after the global financial crisis of 2008 and 2009, took place even as the university established a lower risk profile and significantly improved liquidity,” the statement said.
Mark Schmid, vice president and chief investment officer, noted the endowment overcame “the difficult global equity markets over the past year.”
“The three-year results reflect positive returns from equities, private markets and bonds, together with strong performance by the university's investment managers,” he added in the statement.
Mr. Schmid couldn't be reached for comment.