Corporate and public pension funds, endowments and foundations returned a median -0.02% in the second quarter and 15.8% for the year ended June 30, according to data from Wilshire Associates' Trust Universe Comparison Service. The median second-quarter return was -0.01% for corporate funds and -0.07% for public funds. Specific returns for endowments and foundations were not broken out.
The median asset allocation for the TUCS universe as of June 30 was: 62.66% equities, 27.01% bonds, 3.9% cash and 1.3% venture capital, according to Wilshire.
The TUCS Universe has 320 funds with a combined $1.9 trillion in assets.