05.08.2013 - Singapore SWF trumps U.S. college endowments
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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