Indiana University Foundation, Bloomington, reported its assets at $1.01 billion, topping $1 billion again. The fund previously had peaked at $1.045 billion in June 2001.
The foundation returned 38.1% for the year ended March 31, according to a foundation news release. Its aggregate equity funds returned 45.5%, while fixed income returned 12.6% for the same period. Equity funds beat their composite domestic and international benchmarks, including the 35.1% return of the S&P 500 stock index, the only equity benchmark provided in the report. The fixed-income benchmark was the Lehman Aggregate index, which returned 5.4% for the year, according to the report.
In February 2003, the foundation's board changed the asset allocation to 80% equity and 20% fixed income from 70%-30%, according to the report. "This decision alone has added $25 million in incremental returns in the past year," Gary Stratten, CIO, said in a statement.
Officials couldn't be reached for comment.
