Endowment Fund Performance (1/15)

According to NACUBO below, the average endowment fund delivered a 10-year annualized return of 7.1%. The investable benchmarks delivered 7.7% to 8.7%  annually.

See InvestableBenchmarks.com, and learn about trend following.

University of Texas Endowment Tops $25 Billion, Passing Yale

Michael McDonald and Lauren Streib, 1/28/15

They say everything’s bigger in Texas. Now, it’s true of its public university system’s endowment.

The University of Texas endowment surpassed Yale University’s as the second-wealthiest in U.S. higher education, according to an annual survey released Thursday by Commonfund and the National Association of College and University Business Officers.

The value of the Texas System’s fund grew 24 percent to $25.4 billion in the year ended June 30, the biggest after Harvard University’s $35.9 billion. Yale’s endowment, which had ranked second since at least 2002, increased 15 percent to $23.9 billion.

‘Big Challenges’

Most schools have more than recovered from steep investment losses suffered after financial markets collapsed in 2008. Yet, the average endowment return over 10 years was 7.1 percent through 2014, below the long-term target of 7.4 percent that schools set to keep pace with spending, inflation and administrative costs, said John Walda, president of Nacubo, a membership organization based in Washington.

“There are still big challenges out there,” Walda said on a teleconference Wednesday. “We need to have good returns in the years to come to hit that target rate.”

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