
Market Moves
Venture Capital Spurs Endowments’ Record Returns
However, Pitchbook warns that growth from alternative investments ‘could be more mirage than oasis.’
However, Pitchbook warns that growth from alternative investments ‘could be more mirage than oasis.’
The Ivy gains 7.6%, UVA earns 5.3%, and the Pacific Northwest school increases only 1.1%.
But endowment’s $9.6 billion portfolio outperforms over five, 10, and 20 years.
Plans returned 1% for quarter, 4.58% for year, says Wilshire Trust Universe Comparison Service.
Market volatility, active management worked against all plan types.
Quarterly return of 8.26% provides strong rebound from 2018’s dismal Q4.
Strong performances from all major asset classes leads to seventh quarter in a row of positive gains.