Clemson University Foundation's $1 billion endowment returned a net 31.3% for the fiscal year ended June 30.
The endowment's return exceeded its policy benchmark return of 30.6% for the period, according to a report from John C. Alexander, Jr., chief investment officer, posted on the Clemson, S.C.-based foundation's website.
For the three and five years ended June 30, the endowment returned an annualized net return of 12.8 and 12.3%, above the respective policy benchmarks of 11.8% and 11.5%.
The endowment returned a net 2.5% for the fiscal year ended June 30, 2020.
The report did not provide returns by asset class for the most recent fiscal year and a foundation representative couldn't immediately be reached to provide further information.
The endowment's asset allocation as of June 30 was 40.3% U.S. equities; 13.7% hedge funds; 13.6% non-U.S. equities; 11.3% private equity; 7.6% fixed income; 4.9% cash; 2.7% natural resource equities; 2.1% private real assets; and 1.9% commodities and public real assets.
