Texas A&M endowment returns 24.8% for fiscal year, above its benchmark

Texas A&M University System's $1.6 billion endowment returned 24.8% for the fiscal year ended Aug. 31.

The endowment's return exceeded its benchmark of 23.8% for the period, according to an endowment report posted on the College Station-based system's website.

For the three, five and 10 years ended Aug. 31, the endowment returned an annualized 11.4%, 10.9% and 9.2%, respectively, above their respective benchmarks of 10%, 10.1% and 8.2%.

The report did not disclose whether the returns were gross or net of fees. Returns by asset class and their respective benchmarks were not provided in the report.

As of Aug. 31, the endowment's actual allocation was 22.2% domestic equities, 19.7% international equities, 17.8% private equity, 15.4% absolute return, 14.6% fixed income and 10.3% real assets.

Maria L. Robinson, the system's chief investment officer and treasurer, could not be immediately reached for further information.