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Endowments and Foundations

University of Mississippi endowment gains 14.9% in latest fiscal year

Vaught-Hemingway Stadium on the University of Mississippi campus

University of Mississippi's endowment returned a net 14.9% for the fiscal year ended June 30, exceeding its index benchmark return of 10.9%, said Wendell Weakley, president and CEO of the Oxford-based University of Mississippi Foundation.

The $591 million pooled endowment is composed of foundation, university endowment and medical center endowment assets, and is managed by a joint committee of representatives from all three groups.

By asset class, global equities returned 19.1% in the fiscal year, followed by diversifying strategies, 8.8%; global fixed income, 8.6%; and real assets, 6.5%.

For the three, five, 10 and 20 years ended June 30, the endowment returned an annualized 4.6%, 8.6%, 4.9% and 6.4%, respectively, exceeding its index benchmark returns of 4,1%, 7.4%, 4.5%, and 5.9% in each of those periods.

As of June 30, the endowment had an asset allocation of 20% global equity, 19% credit sensitive fixed income, 16% real assets, 11% each private/hedged equity and diversifying strategies, 7% rate sensitive fixed income, 6% each U.S. public equity and emerging markets equity, and 4% small-cap developed equity.