University of Illinois Foundation's $1.8 billion endowment pool returned 8.3% for the fiscal year ended June 30, said an investment report on the Urbana-based foundation's website.
The return fell below the pool's 8.99% benchmark. For the three, five and 10 years ended June 30, the endowment pool posted annualized returns of 6.8%, 7.6% and 5.7% respectively, compared to the respective benchmarks of 6.5%, 7.5% and 6.4%.
The university and foundation endowments returned a combined 14.1% for the fiscal year ended June 30, 2017.
A breakout of asset class returns was not provided. The endowment pool had an asset allocation of 64% global equity, 24% macro risk hedges and 12% global credit as of June 30.
Ellen Ellison, the foundation's chief investment officer, said in the report that "strong relative outperformance in U.S. equities and natural resources were partly offset by underperformance in private equity assets."
Foundation spokeswoman Sue Johnson could not be reached immediately to provide further information.