Lehigh University returned a net 0.7% on its endowment for the fiscal year ended June 30, well below its policy benchmark return of 4.2%, confirmed Lori Friedman, a spokeswoman for the Bethlehem, Pa.-based university.
For the three, five and 10 years all ended June 30, the $1.4 billion endowment returned an annualized 6%, 5.9%, and 7%, respectively, vs. its benchmark returns of 6.7%, 6.6% and 8.7% for each of those periods.
The endowment returned a net 7.8% for the fiscal year ended June 30, 2019.
The endowment's target asset allocation is 45% public equity, 20% each private equity and absolute return, 10% treasuries/cash and 5% real estate.
A breakout of asset class returns was not provided.
