Domestic equities, alternatives drive double-digit returns for endowments
Asset allocation continues to drive returns for U.S. endowments, as industry experts agreed that those with healthy exposures to U.S. equities and alternatives allocations topping 30% performed well during the most recent fiscal year.
All 27 $1 billion-plus endowments tracked by Pensions & Investments so far had positive returns for the fiscal year ended June 30, with all but six posting double digits.
"There's a lot of good news all around. Most endowments produced absolute returns ...