University of Colorado Foundation's $2.6 billion long-term investment pool returned a net 7.8% for the fiscal year ended June 30, short of its benchmark.
The return fell below its policy benchmark return of 13% for the period, a performance report on the Denver-based foundation's website shows.
For the three, seven and 10 years ended June 30, the investment pool returned an annualized net 11.4%, 10.1% and 9.3%, respectively, above the respective benchmarks of 8%, 8.2% and 7.6%.
The long-term investment pool had posted a net loss of 6.3% for the fiscal year ended June 30, 2022.
The latest fiscal year's improved performance likely benefited from stronger market returns for the period. For the year ended June 30, the Russell 3000 and Bloomberg U.S. Aggregate Bond index returned 19% and -0.2%, respectively, well above the respective returns of -13.9% and -10.3% for the year ended June 30, 2022.
The foundation did not provide returns by individual asset classes.
As of June 30, the investment pool's actual allocation was 42% global public equities, 27% global private capital, 13% real assets, 11% global hedge funds and 7% fixed income and cash.
