Two educational endowments managed by University of Texas/Texas A&M Investment Management Co., Austin, posted significant preliminary returns as of June 30.
A UTIMCO performance report on the company's website showed that the preliminary net return of the $30.6 billion Permanent University Fund was 35.2% for the 12 months ended June 30 and 35% for the $19.2 billion Long Term Fund.
In the year ended June 30, 2020, the net return of the Permanent Fund was 2.2% and 2.3% for the Long-Term Fund.
Net annualized preliminary returns as of June 30 for the Permanent University Fund were 13.2% for three years, 12.9% for five years, and 8.9% over 10 years.
The Long Term Fund's preliminary net returns as of June 30 were 13.2% for three years, 13% for five years; and 8.9% over the 10-year period.
Benchmark performance and individual asset class net returns were not provided in UTIMCO's report.
UTIMCO managed a total of $64.7 billion as of June 30, including the combined $49.8 of endowment funds, with the balance managed in operating funds.
UTIMCO's fiscal year end is Aug. 31.
