University of Rochester endowment net return falls 11.6%

The University of Rochester's endowment posted a net return of -11.6% for the fiscal year ended June 30, better than the benchmark of -13.3% but well below the net return of 41.7% for the fiscal year ended June 30, 2021.

The long-term investment pool had assets of $3.2 billion as of June 30, down 13.5% from the $3.7 billion a year earlier, according to information posted on the university's website.

The university reported annualized returns for three years, five years and 10 years exceeded benchmarks, but it didn't provide numbers. A university representative did not return a request for comment.

Among 11 asset categories, the best performers were energy and mining (up 29.4%), direct commodities (1.8%), and real estate and agriculture (1.7%).

The worst performers were opportunistic investments (down 27.5%); hedge funds (-14.7%) and venture capital (-14.6%)

The largest allocations were to hedge funds (23.5%), venture capital (18.3), private equity (13.5%) and emerging markets equity (11.1%). Other allocations were opportunistic investments (9.9%); international developed market equity (8.3%); bonds (4.6%); energy and mining (3.6%); short-term investments (3.3%); real estate and agriculture (2.2%); and direct commodities (1.7%).