University of Rochester logs 3.7% fiscal-year return

University of Rochester's $2.6 billion long-term investment pool returned a net 3.7% for the fiscal year ended June 30, according to a report on the Rochester, N.Y.-based university's website.

The return exceeded its benchmark return of 2.9%, according to the report.

The investment pool returned a net 6.3% for the fiscal year ended June 30, 2019. The report did not provide annualized returns for the three, five and 10 years ended June 30.

By asset class, the best performer for the fiscal year ended June 30 was private equity, which returned a net 18.8%, followed by opportunistic public equities at a net 7.2% (above its 2.1% benchmark); hedge funds at 4.5% (2.9%); international developed markets equities, -6.8% (-4.8%); emerging markets equities, -13% (-3.4%); and real assets, -13.3%.

Benchmark information on private equity and real assets was not provided.

As of June 30, the pool's actual allocation was: 33.6% public equities; 27.7% private equity; 26% hedge funds; 8.5% real assets; 4.8% fixed income; and -0.6% cash.

The long-term investment pool consists mostly of the university's endowment funds, according to the website.

Douglas W. Phillips, senior vice president and chief investment officer, could not be immediately reached for further information.