Pomona College endowment returns 39.4% for fiscal year

Pomona College's $3.2 billion pooled investment fund returned a gross 39.4% for the fiscal year ended June 30.

The return exceeded the investment fund's benchmark return of 26.3% for the period, according to an endowment and investment information sheet posted on the Claremont, Calif.-based college's website.

For the three, five and 10 years ended June 30, the pooled investment fund returned an annualized gross 13.1%, 9.7% and 8.6%, respectively, above their respective benchmarks of 11.2%, 8.1% and 6.8%.

The fund's benchmark is measured by a 70% allocation to the MSCI ACWI index and 30% to the Bloomberg Barclays U.S. Aggregate Bond index.

The fund had returned a gross 1% for the fiscal year ended June 30, 2020.

For the most recent fiscal year, the information sheet did not disclose returns by asset class.

As of June 30, the pooled investment fund's actual allocation was 24.9% venture capital. 16.4% absolute return, 14.6% domestic equities, 10.8% real assets, 9.5% international equities, 9% fixed income, 6.4% emerging markets equities, 5.4% private equity, and 3% cash and cash equivalents.