University of Kansas' $2.3 billion long-term investment program portfolio of endowment assets returned a net 9.9% for the fiscal year ended June 30.
The Lawrence-based university's return fell below its relative objective of 15.5% for the period, according to a performance report on the website of KU Endowment, a nonprofit organization that oversees the endowment for the university.
For the three, five and 10 years ended June 30, the LTIP returned an annualized net 3.7%, 9% and 7.2%, respectively, compared with the respective relative objectives of 4.5%, 8.1% and 6.3%.
The investment pool had returned a net 4.5% for the fiscal year ended June 30, 2023.
For the most recent fiscal year, the endowment pool's return was just above the median return of 9.8% among the 36 college and university endowments whose returns for the period have been tracked by Pensions & Investments as of Oct. 30.
Returns by asset class were not provided.
As of June 30, the actual allocation was 26.7% private investments, 16.5% marketable alternatives (hedge funds), 11.8% real assets, 9.6% domestic equities, 8.7% international equities, 8.4% global equities, 5% emerging markets equities, 4.8% cash equivalents, 4.6% opportunistic strategies and 3.9% fixed income
The target allocation is 30% private investments; 16% marketable alternatives; 12% real assets; 8% each domestic equities, global equities and international equities; 6% each emerging markets equities and opportunistic strategies; 5% fixed income; and 1% cash equivalents.
