University of Kansas, Lawrence, returned a net 10.5% on its endowment for the fiscal year ended June 30, topping the benchmark return of 9.8%, James G. Clarke, senior vice president of investments and treasurer at KU Endowment, confirmed in an email.
For the three, five and 10 years ended June 30, the $1.5 billion endowment returned an annualized 7.1%, 7.8% and 5.5%, respectively, vs. its benchmark returns of 6.8%, 7.3% and 5.5% in each of those periods. The endowment returned 12% in fiscal year 2017.
As of June 30, the endowment had an asset allocation of 18.4% real assets, 16.9% hedge funds, 16.3% international equities, 14.8% domestic equities, 14.2% private investments, 8.7% emerging market equities, 6.9% fixed income, 2.2% opportunistic and 1.6% cash equivalents.
The university does not break out returns by asset class.