George Washington University's $1.8 billion pooled endowment portfolio returned 3% for the fiscal year ended June 30, according to the endowment's annual report.
The Washington-based university's pooled endowment portfolio returned an annualized 4.9% and 7.5%, respectively, for the five and 10 years ended June 30.
The annual report said the pooled endowment portfolio "lagged the return of its benchmark over the fiscal year," but did not disclose the actual benchmark. Global equities for the fiscal year were "largely unchanged," according to the report, while fixed income was an "important return generator."
"Hedge funds, invested across an array of strategies, performed well during the market downturn and contributed positive returns for the fiscal year, while the decline in value of mature, recession-sensitive private investments led to negative returns of private equity assets," the report said.
Further information, including specific asset class returns, information on the prior fiscal year and whether the returns were gross or net of fees, was not available.
As of June 30, the portfolio's actual allocation was 57% global equities, 22% fixed income/cash and 21% alternative assets.
University officials could not be immediately reached for further comment.
