endowments

Performance Ranking Finds New Stars in Endowment Universe

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November 28, 2013

Many eyes in the financial media were on this month’s press release from the American National Association of College and University Business Officers unveiling its preliminary results for endowment performance for the year that ended on June 30.

 

The news was that the Ivy League endowments, which have long had the reputation as smart money in alternative asset management and savvy private equity investors, are not doing as well as some of the mid-sized college endowments.

 

This year the top spots in terms of performance were filled by mid-sized endowments that outperformed the much larger Yale and Harvard endowments, according to an in-depth feature article in Institutional Investor. Two of the best performers were Abilene Christian University in Texas and Spalding University in downtown Louisville, as revealed by NY Times in its own special report on the topic.

The NACUBO data comes from 461 US colleges and universities covered in the NACUBO Commonfund Study of Endowments. Preliminary results indicate endowments returned an average of 11.7  percent (net of fees) for the 2013 fiscal year (July 1, 2012 – June 30, 2013).

The preliminary FY2013 return   is a marked improvement over last year’s 0.3 percent return reported by Study   participants for FY2012. (Image Source: Spalding University)

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