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Endowments and Foundations

University of Washington endowment posts 13.6% fiscal-year return

University of Washington's consolidated endowment fund returned a net 13.6% in the fiscal year ended June 30, said an investment report posted on the Seattle-based university's website.

The $3.1 billion endowment fund's fiscal year return was above its 12.4% policy benchmark. For the three, five and 10 years ended June 30, the fund returned an annualized 6.1%, 9.4% and 4.7%, respectively. The fund returned -1.6% in the fiscal year ended June 30, 2016.

The fund's best-performing asset class was emerging markets equity, which returned 21.4% in the fiscal year, followed by opportunistic strategies at 17.3% and developed markets equity at 15.7%. The three asset classes share a benchmark, which returned 18.8% for the fiscal year ended June 30.

Real assets returned 14%, just below its 14.1% benchmark, followed by private equity, which returned 13.3%, below its 14.1% benchmark. Absolute return returned 6.1%, topping its 5.5% benchmark and fixed income returned 1.5%, surpassing its -1.2% benchmark.

As of June 30, the actual allocation was 38% developed markets equity, 20% emerging markets equity, 15% absolute return, 12% private equity, 7% fixed income, 6% real assets and 2% opportunistic strategies.

Keith Ferguson, chief investment officer, and Victor Balta, university spokesman, could not be immediately reached to provide further information.