Stanford Management Co. returned a net 40.1% for the fiscal year ended June 30, said a news release Tuesday from Stanford University, Palo Alto, Calif.
The management company, which manages $41.9 billion in merged investment pools that include the university's endowment, Stanford Health Care and Lucile Packard Children's Hospital, said there was $12.1 billion in investment net gains during the period.
"Over the last year and a half, the pandemic resulted in substantial turbulence in financial markets. The university's disciplined investment approach during this time produced strong gains that will enable Stanford to continue delivering on its mission of teaching, research and patient care," said Robert Wallace, Stanford Management's CEO, in the news release.
"Although we are very pleased with last year's results, we are mindful that periods of exceptional gains are often followed by intervals of more muted investment performance," Mr. Wallace said.