Dartmouth College's endowment returned 8.3% for the fiscal year ended June 30, said a new release issued from the Hanover, N.H.-based university. The endowment ended the fiscal year valued at $4.7 billion.
Pamela Peedin, Dartmouth's chief investment officer, said in the news release that the annual return “is consistent with” the university's investment goal of 8%.
Ms. Peedin added that “natural resources and emerging markets detracted from overall endowment performance, while venture capital and real estate were the primary contributors, with venture capital generating a return of more than 30%.”
For the 10 years ended June 30, Dartmouth's endowment has generated an average annualized return of 8.8%, outperforming the 7.9% average annualized return for the S&P 500 and the 6% return of a general 60% equity/40% fixed-income benchmark return over the same period.
