Tulane University's $1.8 billion pooled endowment returned a net 8.8% for the fiscal year ended June 30, said Richard Chau, chief investment officer.
The return fell just short of the benchmark return of 9.5% for the period, he said.
For the three, five and 10 years ended June 30, the endowment returned an annualized net 6.1%, 10.7% and 8.9%, respectively, above the respective benchmarks of 4.4%, 8.4% and 7.1%.
The endowment returned a net 3.3% for the fiscal year ended June 30, 2023.
For the most recent fiscal year, the pooled endowment fell short of the median return of 9.6% among the 33 college and university endowments whose returns have been tracked by Pensions & Investments as of Oct. 28.
Chau did not provide returns by asset class.
The pooled endowment's target allocation is 37.5% private capital, 32.5% global equity, 20% marketable alternatives and 10% fixed income and cash.