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Endowments and Foundations

University of Minnesota posts 8.6% return

University of Minnesota Foundation, Minneapolis, returned a net 8.6% on its investments for the 12 months ended June 30, the foundation's fiscal year, according to a posting on the university website.

The return is above its 7.9% custom benchmark return. Foundation assets as of June 30 totaled $2.1 billion, down 4.5% from a year earlier.

The foundation returned 1.5% in the 12 months ended June 30, 2016.

As of June 30, the fund returned 8.3% for five years, 4.8% for 10 years and 7.7% for 20 years. Corresponding benchmark returns for the time periods were 8.2%, 5.1% and 6.9%. All returns are annualized.

The foundation's asset allocation as of June 30 was 35% global equity, 34% private equity, 19% bonds and cash, and 12% credit and reinsurance. Individual asset class returns were not provided.

The foundation assets are managed by University of Minnesota Foundation Investment Advisors, a non-profit subsidiary of the university.