5.6% net return booked for Stanford University

Stanford Management Co. returned a net 5.6% for the fiscal year ended June 30, said a news release Thursday from Stanford University, Palo Alto, Calif.

The management company, which manages $30.3 billion in merged investment pools that include the university's endowment, Stanford Health Care and Lucile Packard Children's Hospital, said there was $1.6 billion in investment net gains during the period.

"In a volatile year, disciplined adherence to policy asset class targets aided performance and helped the portfolio recover from pandemic-related losses," said Robert Wallace, Stanford Management Co.'s CEO, in the news release.

The university did not provide benchmark information, but said the fiscal year return exceeded the median 1.6% fiscal year return for U.S. colleges and universities, according to Cambridge Associates data.

For the five and 10 years ended June 30, the merged investment pools returned an annualized net 7.1% and 9.3%, respectively. The endowment returned a net 6.5% for the fiscal year ended June 30, 2019.

The news release did not report the endowment's asset allocation, performance of individual asset classes or benchmark returns. The management company's annual report has yet to be released.

University spokesman E.J. Miranda could not be immediately reached to provide further information.