Michigan State University's common investment fund, primarily made up of endowment assets, returned a preliminary net 3% for the 12 months ended June 30, exceeding its 1.5% benchmark return, said a performance report on the East Lansing-based university's investment office website.
For the five and 10 years ended June 30, the $2.4 billion fund returned an annualized 9.6% and 7.3%, respectively, vs. its 9.9% and 6.5% benchmarks in those periods.
A breakdown of asset class returns was not available, a university spokesman said.
