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Endowments and Foundations

University of Arkansas Foundation posts 15.4% fiscal-year return, topping its benchmark

University of Arkansas Foundation, Fayetteville, returned a net 15.4% on its endowment for the fiscal year ended June 30, exceeding its benchmark return of 13.5%, said Clay H. Davis, the foundation's president and CEO.

Mr. Davis declined to provide a full breakout of asset class returns, but a Friday news release from the foundation noted that international developed equity and emerging markets equity each returned 23%, boosting overall performance.

The $1.5 billion endowment also benefited from an underweight to bonds, manager outperformance and a multiyear effort to reduce manager fees across all asset classes, the news release said.

Mr. Davis declined to provide the endowment's asset allocation as of June 30.

For the three, five and 10 years ended June 30, the endowment returned an annualized 5.8%, 9.3%, and 5.1%, respectively. Benchmark returns were not provided.

In fiscal year 2016, the endowment returned -1.5%.