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Endowments and foundations

UT endowment funds mark 13%-plus in latest fiscal year

University of Texas System's $19.5 billion Permanent University Fund returned 13.4% in the year ended June 30 while the $8.1 billion Long-term General Endowment Fund was up 13.9% for the period, data provided by UT show.

The one-year and multiyear benchmark returns as of June 30 were not immediately available.

The asset allocation is the same for both endowment pools: developed markets equity, 42%; emerging market equity, 18%; natural resources,16%; investment-grade fixed income, 11%; real estate, 7%; and credit, 6%.

The endowment pools are managed for the UT and Texas A&M systems by University of Texas Investment Management Co., Austin.