Georgia Tech returns 2.6% for fiscal year, topping benchmark

Georgia Tech Foundation, Atlanta, returned a net 2.6% for the fiscal year ended June 30, said Brian H. Pellegrino, chief investment officer.

The return exceeded the policy benchmark of 2.4%, according to the $1.8 billion foundation’s new annual report.

For the three, five and 10 years ended June 30, the foundation’s investment portfolio returned an annualized net 5.5%, 5.5% and 6.9%, respectively, compared with the respective benchmarks of 6%, 5.8% and 6.9%.

For the fiscal year ended June 30, 2019, the foundation’s investment portfolio returned a net 5.1%.

The foundation does not provide returns by asset class or their associated benchmarks, Mr. Pellegrino said.

As of June 30, the foundation’s actual asset allocation was 28% non-directional hedge funds, 19% international equities, 18% private equity, 13% domestic equities, 8% fixed income/cash equivalents, 6% directional hedge funds, 5% real estate and 3% energy/timberland.