Page 18 - 2019-2020 Endowment Report | University of Rochester

Asset allocation and return.

Rochester’s portfolio is divided into 38% traditional Major asset classes generated the following
publicly traded assets—stocks and bonds—and 62% performances in fiscal year 2020 (net of fees):
non-publicly traded investments, such as private
equity, hedge funds, and real estate, referred to as Publicly traded equity generated a net return of -2.5%
“alternative investments.” compared to 2.1% for the global stock benchmark.
Opportunistic funds returned 7.2% and international
This approach has ensured growth during economic equity returned -6.8%.
expansions and capital preservation in economic
downturns, with volatility far below the benchmark. Alternative investments generated a net return
of 7.0%. Hedge funds returned 4.5%, private
equity funds returned 18.8%, and real asset funds
returned -13.3%.

Bonds and cash returned 2.6% compared to the
4.2% return for the bond/cash benchmark.

Asset Allocation • As of June 30, 2020

3.0% Real Estate 4.8% Fixed Income
11.8% Buyouts

21.8% International Equity

13.8% Venture

-0.7% Cash
2.1% Distressed

11.9% Opportunistic Equity

1.0% Mining & Commodities
1.4% Direct Commodities
26.0% Hedge 0.3% Agriculture
2.8% Energy

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