University Endowments Reporting Significantly Improved Investment Returns Over Past Fiscal Year
Early reporting data from schools providing endowment performance for the fiscal year ended June 30,2017 suggest that university endowments boosted their investment returns significantly over the last fiscal year from 2016. The median gain for all colleges reporting is 11.3 percent, while the median gain for larger schools (over $500 million in assets) was 13.3 percent for the 12-month period ended June 30th as reported by the Wilshire Trust Comparison Service. Comparatively, the Endowment IndexTM gained 13.47 percent during the period. Read the full article by Janet Lorin at Bloomberg.com.
