University of Rochester endowment gains 6.9% for fiscal year

University of Rochester's endowment recorded a net return of 6.9% for the fiscal year ended June 30, well below the benchmark of 13.4%, according to information posted on the university's website.

The market value of the university’s long-term investment pool was $3.3 billion for the fiscal year compared with $3.2 billion for the fiscal year ended June 30, 2022, when the endowment posted a net loss of -11.6%.

The university website said annualized returns for three, five, and 10 years exceeded benchmarks. The website didn't provide details, and a university representative didn't return a request for comment.

The asset allocation for the just-completed fiscal year was 34% private partnerships, 30% public equities, 27% hedge funds/diversifiers and 9% fixed-income/short-term investments, the website said.

Among 10 asset categories, the best returns came from the ACWI ex-U.S. mandate (20%); opportunistic investments (18.6%) and emerging markets equity (12.7%). The worst returns were recorded by venture capital (-3.7%) and real estate/agriculture (-2.3%).