Tulane University's $1.1 billion pooled endowment returned a net 2.6% for the fiscal year ended June 30.
The return exceeded its static benchmark of 1.1%, according to an annual report posted on the New Orleans-based university endowment's website.
For the three, five and 10 years ended June 30, the endowment returned an annualized net 6.2%, 6.3% and 8.1%, respectively, above the respective benchmarks of 5.3%, 5.1% and 6.9%.
The endowment returned a net 5.4% for the fiscal year ended June 30, 2019.
Among the endowment's asset classes, the top performer was private equity, which returned a net 12.2%, followed by global equity at a net 7.3%, core fixed income at 4.8% and marketable alternatives at 1.7%. The endowment's public real assets and private real assets asset classes lost 21.9% and 21.6%, respectively, in the fiscal year ended June 30.
Specific asset class benchmark information was not provided.
The pooled endowment's target allocation is 30% global equity, 27.5% marketable alternatives, 20% private equity, 10% private real assets, 9% fixed income, 2.5% public real assets and 1% cash.
University spokeswoman Libby Eckhardt could not immediately provide further information.
