Singapore’s sovereign wealth fund has outperformed some of the biggest U.S. college endowment funds in the past decade, but it thinks improving returns from alternative assets will be a boon to colleges. In its annual report released Friday, Government of Singapore Investment Corp., which has about $250 billion of assets under management, laid out its returns for the past decade.
It posted a nominal rate of return, in dollar terms, of 8.8% over ten years for the period ended Mar. 31 2013. That compares to the 6.2% returned on average by college endowments for the period ended June 2012, according to the National Association of College and University Business Officers (Nacubo)...............................................Full Article: Source
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