Brown University endowment gains 12.4% for fiscal year

Brown University, Providence, R.I., returned a net 12.4% for its $4.2 billion endowment for the fiscal year ended June 30, spokesman Brian E. Clark said in an email.

The university's return was well above its 5.8% benchmark.

For the three, five, 10 and 20 years ended June 30, annualized net returns for Brown's endowment were 13%, 8.5%, 10% and 8.6%, respectively. Benchmark figures for the three, five and 10 years were 9%, 5.7% and 7.7%, respectively. The benchmark for the 20 years ended June 30 was not available.

The endowment returned a net 13.2% for the fiscal year ended June 30, 2018.

The university does not publicly disclose individual asset class returns, Mr. Clark said.

As of June 30, the endowment's actual allocation was 37% absolute-return strategies, 27% private equity, 21% equities, 9% fixed income, 4% real assets and the rest in cash.