Yale University's endowment returned 20.2% for the fiscal year ended June 30, bringing the New Haven-based university's endowment to $23.9 billion.
For the 10 years ended June 30, Yale's endowment returned 11%, above broad market results for domestic stocks, which returned 8.4% annually, and domestic bonds, which returned 4.9% annually, a Yale news release said.
By asset class, Yale's 10-year annualized returns were as follows: domestic equities, 12%; foreign equities, 18%; natural resources, 16.5%; private equity, 15.4%; absolute return, 9%; and real estate, 6.6%.
One-year returns for the individual asset classes were not provided.
The endowment's investment committee has made the following asset allocation targets for fiscal year 2015: 31% private equity, 20% absolute return, 17% real estate, 13% foreign equity, 8% natural resources, 6% domestic equity and 5% bonds and cash.
Last year, Yale reported a target asset allocation of 31% private equity, 20% absolute return, 19% real estate, 11% foreign equity, 8% natural resources, 6% domestic equity and 5% bonds.
Tom Conroy, a spokesman for the endowment, did not return a phone call by press time.
