University of the Pacific Endowment Returns 12.6% for Fiscal Year
University of the Pacific's Endowment returned 12.6% for the 12 months ended June 30, 2013 vs. 9.5% for its custom benchmark, reported Bayani Jol Manilay, Assistant Vice President and Chief Investment Officer for the University. According to Canterbury Consulting, Pacific's return ranked in the 31st percentile of the endowment fund universe (BNY Mellon U.S. Master Trust Universe). For the period ending June 30, 2013, Pacific's endowment had total assets of $334 million, up 66.8% from June 30, 2012. This includes the addition of a major gift realized during the fiscal year. Over the last three years, the endowment has returned 9.5% on annualized basis. Over the last five and ten years, the annualized endowment return has been 3.1% and 6.1% respectively. The endowment's current target asset allocation is 30% domestic equities, 20% international equities, 15% fixed income, 13% marketable alternatives, 12% private equity, and 10% real assets. Nearly all the asset class composites outperformed their respective benchmarks over the fiscal year.