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Duke University Endowment Reports 4.4% Annual Return

  • Endowment reached $7.3 billion, an increase of about 4%
  • Fund's average annual return over past decade was 9.4%

Duke University’s endowment posted an investment return of 4.4 percent for the year ended June 30, lower than most of its private school peers that have reported so far.

The fund, managed by DUMAC Inc, rose about 4 percent during the year to a new peak value of $7.3 billion after accounting for gifts and management outlays, the school said in a statement Saturday. A spokesman for the university declined via e-mail to comment further.

The median return for endowments and foundations with more than $500 million this year is 3.6 percent, according to an estimate by Wilshire Trust Universe Comparison Service.

University of Pennsylvania, Brown University and Stanford University each have reported higher returns this year. Duke’s fund surpassed its peers with a 10-year annualized return of 9.4 percent, which is among the top quartile of the two dozen endowments for the period ended June 30, according to data compiled by Bloomberg.

Neal Triplett has been chief executive officer of DUMAC since January 2007.

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