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University of Chicago endowment returns 8%

University of Chicago's endowment returned 8% for the fiscal year ended June 30, said an announcement on the university's website.

Endowment assets grew over the year by nearly 5% to a record $8.2 billion. Returns by asset class were not provided.

For the 10, 15 and 20 years ended June 30, the endowment returned an average compounded 5.8%, 9% and 8.6%, respectively. Benchmark returns were not provided. In the previous fiscal year, the endowment returned a net 11.4%.

The endowment has a long-term strategic allocation of 33.5% absolute return, 22% global equities, 13.5% private equity, 9% real estate, 8% fixed income, 7% natural resources, 4.5% private debt, 2% total return investment pool protection, and 0.5% cash and equivalents, according to the university's website.

University spokeswoman Mary Naset could not be reached immediately for additional information.