The University of South Carolina Foundation’s endowment portfolio returned a net 14.5% in the fiscal year ended June 30.
The return fell below the $1 billion portfolio’s policy benchmark return of 15.1%, according to a report on the university’s website.
It returned a net 12.8% in the previous fiscal year.
University of South Carolina's return topped the median return of 10.7% among the 26 college and university endowments whose most recent fiscal-year returns have been tracked by Pensions & Investments as of Oct. 18.
For the five and 10 years ended June 30, the Columbia-based endowment returned an annualized 8.3% and 7.3%, respectively, below the respective benchmarks of 8.5% and 7.6%. The endowment’s three-year data was not provided.
The endowment is comprised of the consolidated investment portfolio, endowed funds held at the university and certain real estate, according to the report. Its investment pool totaled $823 million as of June 30.
The investment pool’s actual allocation as of June 30 was 47% large cap equity composite; 20% fixed income composite; 19% international equity/emerge composite; 9% hedge fund composite; 5% small cap equity composite; and the rest in private equity or other.
The university did not disclose returns by asset class.
