Tufts University's $3.1 billion investment pool, which includes $2.4 billion in endowment assets, posted a return of 3.5% for the fiscal year ended June 30.
The Medford, Mass.-based university's return fell below the benchmark return of 11.2% for the period, according to the university's annual report posted on its website.
For the three, five and 10 years ended June 30, the investment pool returned an annualized 9%, 6.9% and 7.6%, respectively, compared with the respective benchmarks of 6.5%, 6.1% and 6.7%.
Return data was net of investment fees and gross of administrative fees.
The investment pool had returned -9.8% for the fiscal year ended June 30, 2022.
For the most recent fiscal year, the university's investment pool return fell below the median return of 4.35% among the 40 college and university endowments whose returns have been tracked by Pensions & Investments as of Nov. 8.
The annual report did not provide returns by asset class or asset allocation information, but it noted that while the investment pool's public equity portfolio benefited from the equity rally during the year ended June 30, "returns from alternative strategies including private investments were generally muted during this period."
