University of Michigan's endowment pool scores 5.2% fiscal-year return

University of Michigan's $17.9 billion long-term endowment pool returned 5.2% for the fiscal year ended June 30, one of the highest among university endowments for the period, according to an Oct. 19 news release from the Ann Arbor-based university.

The news release did not provide benchmark information. Erik Lundberg, chief investment officer, said in the news release that the performance was among the "highest for the largest 25 college and university endowments."

Among the 28 college and university endowments with $1 billion or more in assets whose fiscal-year returns have been tracked by Pensions & Investments as of Oct. 25, the University of Michigan's return was the 11th highest, above the median return of 4.5%.

For the 20 years ended June 30, the endowment pool posted an annualized return of 9.9%.

The long-term endowment pool had returned 2.2% for the fiscal year ended June 30, 2022.

"Our healthy investment returns contribute hundreds of millions of dollars annually to support the university's critical mission as a public research institution and healthcare provider," said Geoffrey Chatas, executive vice president and chief financial officer, in the news release.

Asset class information was not provided.