Stanford University Merged Pool, which includes its $18.7 billion endowment, returned 12.1% for the year ended June 30, according to a release from Stanford Management Co.
Stanford's return was up from 1% in the prior year, according to the university's 2013-'14 budget plan.
The Palo Alto, Calif.-based Merged Pool has a 10-year annualized return of 10%, compared to the S&P 500, which returned an average 7.3% per year, and the Barclays Aggregate Bond index, which was up 4.5% per year.
“During fiscal 2013, U.S. and other developed world equity markets provided strong returns, while emerging market equities and fixed-income returns were meager. In this climate we were pleased with the performance of our globally diversified portfolio,” said John Powers, CEO of the Stanford Management Co., in the release.
