University of Kansas, Lawrence, returned -1.2% on its endowment for the fiscal year ended June 30, slightly behind its benchmark return of -0.9%, said a performance report on the endowment's website.
Individual asset class returns were not disclosed.
For the three, five and 10 years ended June 30, the endowment returned an annualized 5.3%, 4.7% and 4.8%, respectively, beating its benchmarks of 4.9%, 4.1% and 4.7% in each of those periods.
As of June 30, the $1.2 billion endowment had an asset allocation of 18.5% U.S. equities, 15.1% international equities, 14.8% private investments, 14.4% hedge funds, 12.1% public inflation protection, 9.2% emerging markets equities, 5.4% U.S. bonds, 5.1% opportunistic investments, 3.8% non-U.S. bonds and 1.6% cash equivalents.
James G. Clarke, senior vice president of investments and treasurer at KU Endowment, could not immediately be reached for additional information.