Rochester’s investment return for the long-term investment pool (primarily endowment) for the fiscal year ending June 30, 2008, net of all fees and expenses, was approximately -0.1% compared to the benchmark return of -7.4% (comprised of 60% Wilshire 5000, 20% Lehman Aggregate and 20% ACWI ex-US).
Rochester’s five-year average annual net return through June 30, 2008 was 12.4% vs. 9.6% for the benchmark. The ten-year average annual net return through June 30, 2008 was 9.2% vs. 4.7% for the benchmark.
The value of the long-term investment pool at the end of the fiscal year was $1.75 billion, $24 million below the value reported at the beginning of the year. The change in value was attributable to investment returns of -$5.6 million, gifts and additions of $71.4 million and spending and withdrawals of $90.0 million.
Rochester’s return was generated through the efforts of many talented advisors, investment committee members, consultants and investment office staff. It is the consensus of these groups that, over time, the University of Rochester’s targeted net nominal return of 8% per annum is achievable.
Investment Reports for Previous Years »