University of Rochester (N.Y.) endowment returned 12% in the fiscal year ended June 30, according to its most recent financial report.
The endowment reported assets of $1.81 billion as of June 30.
The target allocation as of June 30 was 37% public equities, 19% private equity/distressed, 19% real assets, 18% hedge funds, 4% fixed income and 3% cash.
The actual allocation as of June 30 was 36% public equities, 22% hedge funds, 19% private equity/distressed, 16% real assets, 4% fixed income and the rest cash.
University spokeswoman Sara Miller declined to provide additional information.