Tufts University’s $2 billion total return pool, which includes the school’s $1.7 billion endowment, returned a gross 3.7% for the fiscal year ended June 30.
The return exceeded the benchmark portfolio of 3%, confirmed Kalimah Knight, spokeswoman for the Medford, Mass.-based university.
For the three, five and 10 years ended June 30, the pool returned an annualized gross 6.1%, 6.3% and 7.9%, respectively, compared to the respective benchmarks of 6.7%, 6% and 7%.
Asset class return information was not disclosed. The financial report said the university’s investment office worked with its investment committee “to opportunistically manage the liquidity in the portfolio as well as upgrade the quality of the manager roster as market conditions have evolved.”
As of June 30, the actual allocation was: 36% public equities; 24% private equity/venture capital; 23% absolute return; 12% real assets; and 5% fixed income.
The total return pool includes long-term investments in addition to the school’s endowment assets.