University of Virginia Investment Management Co.'s pool of $9.5 billion in endowment assets and other long-term funds returned a gross 11.4% in the fiscal year ended June 30, according to an annual report posted on UVIMCO's website.
The return well exceeds the policy benchmark of 7.6%. For the five, 10 and 20 years ended June 30, the pool returned an annualized gross 9.6%, 7.9% and 10.9%, respectively, above the respective benchmarks of 7.7%, 6% and 6.1%. The pool returned a gross 12.4% for the fiscal year ended June 30, 2017.
The best-performing asset class was private equity, which returned a gross 22.9% for the fiscal year ended June 30, followed by public equities at 13.8%; natural resources, 10.5%; long/short equities, 9.9%; marketable alternatives and credit, 7.1%; real estate, 5.1%; cash and currency, 1.2%; and fixed income, 0.1%.