Wed, Aug 31, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Endowment study reveals decline in allocation to alternative assets

Thursday, November 07, 2013

Beverly Chandler, Opalesque London:

The 2013 NACUBO Commonfund Study of Endowments or NCSE’s preliminary data gathered from 461 U.S. colleges and universities shows that these institutions’ endowments returned an average of 11.7%, net of fees, for the 2013 fiscal year (July 1, 2012 – June 30, 2013). These preliminary figures show that this is a significant increase on the -0.3% return reported by study participants for the 2012 financial year.

NCSE’s data is broken down into six categories according to the size of the endowment, ranging from institutions with endowment assets under $25m to those with assets in excess of $1bn. NCSE says that fiscal year 2013 returns were very consistent across five of the six size cohorts, ranging from 11.2% to 11.8%. Institutions with assets between $501m million and $1bn billion reported average returns of 12.7%.

NCSE reports that additional findings based on preliminary data—drawn from the sample of 206 institutions that have completed the survey—show that participating institutions’ trailing three-year returns averaged 10.4%; trailing five-year returns averaged 4.3%; and trailing 10-year returns averaged 7.1%. Endowments with assets under $25 million reported the highest average three year return, at 11.0%, while those with assets between $25 and $50m reported the highest average five year return, at 5.5%. Endowments with assets ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin

  5. …And Finally - Baby born on Cebu Pacific airplane gets 1 million air miles[more]

    From CNN.com: Here's one kid who'll probably learn to fly before she can crawl. After being born four hours into a flight from Dubai to Manila, baby girl Haven has been gifted 1 million air mile points. Haven's mom went into labor more than five weeks early while flying on an aircraft op