Duke University's long-term investment pool returned 20.1% for the fiscal year ended June 30, vs. 13.5% for the previous fiscal year, said Michael J. Schoenfeld, spokesman for the Durham, N.C.-based university.
For the 10-year period ended June 30, the long-term pool, which includes the university's $7 billion endowment, returned an annualized 10.8%, surpassing its return target of 5%.
The $7 billion in endowment assets for the latest fiscal year is a 16.7% increase from 2013.
Returns for the various asset classes were not available.
The long-term pool has a target allocation of 49% public and private equity; 13% each commodities and credit; 11% real estate; 9% other, which includes areas such as U.S. Treasury inflation-protected securities and non-U.S. inflation-linked bonds; and 5% public obligations, such as Treasuries.