Carnegie Mellon University's $2.1 billion endowment returned a net 5.4% in the fiscal year ended June 30, the Pittsburgh-based university announced Monday.
Carnegie Mellon's annualized three-, five- and 10-year returns were 8.2%, 7.3% and 9.7%, respectively.
The endowment returned a net 7.9% in the previous fiscal year ended June 30, 2019.
Benchmark information and an asset allocation for the endowment were not provided.
"This year was exceptionally volatile due to the pandemic, including a steep and sharp downturn that began in February followed by a narrow rebound," said Charles A. Kennedy chief investment officer, in a news release announcing the figures. "Throughout the year, Carnegie Mellon remained focused on maintaining its long-term strategy, which includes partnering with top-tier investment managers around the world, to generate returns to support the university's education and research mission."
CMU spokesman Jason Maderer could not be immediately reached for additional comment.
