Rutgers University’s $1.4 billion long-term investment pool of endowment funds returned a net 0.2% for the fiscal year ended June 30.
The return fell short of its target-weighted benchmark return of 0.9%, according to a performance report on the New Brunswick, N.J.-based university’s website.
For the three, five and 10 years ended June 30, the endowment returned an annualized net 4.8%, 5.3% and 7.5%, respectively, compared to the respective benchmark returns of 5.1%, 5.2% and 7.4%.
The endowment returned a net 5.2% for the fiscal year ended June 30, 2019.
The university does not provide returns by asset class, said university spokesman Kevin Lorincz.
As of June 30, the endowment’s actual allocation was 20.1% private equity, 18.1% domestic equities, 14.6% international developed markets equities, 14% diversifying strategies, 8.6% fixed income, 8.2% emerging markets equities, 6.3% real estate, 5.2% opportunistic credit and the rest in cash.