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Endowments and Foundations

Ohio State University posts 7.7% fiscal-year return

Ohio Stadium on the campus of The Ohio State University in Columbus

Ohio State University's long-term investment pool returned a net 7.7% in the fiscal year ended June 30, said Rob Messinger, university spokesman, in an email.

The return exceeded its 7.4% benchmark for the period. For the three and five years ended June 30, the pool returned an annualized net 6% and 7.2%, respectively. Benchmark information on three and five years was not available. The investment pool returned a net 14.46% for the fiscal year ended June 30, 2017.

Among asset classes, global equities returned a net 11.6% for the year ended June 30, 30 basis points above its benchmark; real assets returned 7.3%, 20 basis points below its benchmark; and global fixed income returned 0.7%, above its -0.4% benchmark.

The market value of the investment pool grew $958 million during fiscal year 2018 and distributed $201.5 million to support student scholarships, faculty positions and other academic priorities, the news release said.

As of June 30, the actual allocation was 60.6% global equities, 29.7% global fixed income and 9.7% real assets.

Within global equities, allocations were 43.9% of the whole investment portfolio to long-only equities, 11.1% buyout/growth private equity, 5.1% natural resources and 0.5% venture capital.

Within global fixed income, allocations were 16.7% absolute return, 9.8% fixed income and 3.2% private credit,

Real assets was made up of 4.5% real estate, 3.2% infrastructure and 2% commodities.

The Columbus-based university's long-term investment pool has about $5.2 billion in assets, which includes more than $2 billion in endowment assets.