The National Association of College and University Business Officers recently released its 2016 data on public and private institutions. Both public and private college maintained higher allocations to alternative assets than their non-educational counterparts. Institutional foundations kept more traditional profiles, with greater allocations to long-only equities and fixed income. Asset allocations changed little in 2016 from 2015.
Over the one-year period ended June 30, the observed universe had negative performing across all subgroups, with public colleges performing the best at -1.4%. The S&P 500 index and Barclays U.S. Aggregate Bond index were 4% and 6% over the period, respectively.
Spending ratios were higher on average across the data subsets, with only institutional foundations pulling back spending to 3.9% in 2016 from 4.2% in 2015.