Claremont McKenna College's $2.1 billion long-term investment pool returned a net -7.1% for the fiscal year ended June 30, an annual financial report posted on the Claremont, Calif.-based college's website shows.
For the 10 years ended June 30, the investment pool posted annualized net returns of 15.7%, 14.2% and 10.2%, respectively. Benchmark information was not provided.
The college's long-term investment pool returned a net 43.3% for the fiscal year ended June 30, 2021.
For the most recent fiscal year, the negative results reflected a difficult market environment for the period, particularly in public equities and fixed income. For the year ended June 30, the Russell 3000 index and Bloomberg U.S. Aggregate Bond index returned -13.9% and -10.3%, respectively, in sharp contrast to returns of 44.2% and 4.6% for the year ended June 30, 2021. Among the 33 university endowments whose returns for the period have been tracked by Pensions & Investments through Friday, Claremont's return fell below the median return of -4.1%.
The report did not include returns by asset class for the most recent fiscal year.
As of June 30, the investment pool's actual allocation was 34.9% global equity, 26.3% private equity/venture capital, 12.5% U.S. Treasuries, 6.1% real assets, 5.8% cash equivalents, 5.4% absolute return, 5.3% global fixed income and 3.7% long/short equity.
The college's long-term investment pool includes $1.1 billion in endowment assets.
