Tulane University, New Orleans, announced its $842 million pooled endowment returned 6.9% net of fees in the fiscal year ended June 30, the university said in a recently released report.
The pooled endowment returned an annualized 11.8%, 10% and 7% in the three, five, and 10 years ended June 30, respectively.
The target allocation for the pooled endowment is 35% global equity, 25% marketable alternatives, 15% private equity, 10% private real assets, 9% fixed income, 5% public real assets and 1% cash.
The university's $188 million eminent scholars endowment, meanwhile, returned 6.7% net of fees in the fiscal year ended June 30.
That endowment returned an annualized 11.8%, 10.5% and 6.1% in the three, five, and 10 years ended June 30, respectively.
The target allocation for the eminent scholars endowment is 51.5% global equity, 25% fixed income, 10% marketable alternatives, 7.5% public real assets, 2.5% each private equity and private real assets, and 1% cash.
Returns by asset class and actual allocations were not made available. Mike Strecker, university spokesman, did not reply to requests for further information by press time.
