During the Georgia Tech Foundation’s latest fiscal year ended June 30, 2015, the asset allocation of its investment portfolio was tilted to more listed equities. Equities now represent around 40% of the investment portfolio, up from 27%. In addition to the higher allocation, according to the annual report, “half of that 40% equity allocation (is) now being invested in passive index funds.” The change reflects the investment committee’s “focus on simplifying the portfolio while maintaining attractive investment returns over the long term.”
The increase in equities was funded by a decrease in commodities and cash. The commodities allocation went to zero from 2% and natural resource equities went to 1% from 5%.
The Georgia Tech Foundation’s investment assets were unchanged at $1.56 billion at year-end.
Over the 10-year period ended June 30, 2015, the foundation’s investments returned an annualized 6% vs. the policy portfolio’s 4.5% return. For the latest fiscal year, the foundation’s investment portfolio returned 1.9% slightly underperforming the policy portfolio.
