UCLA Foundation Posts 6.4% Annual Investment Returnby
Funds managed for University of California at Los Angeles
Fund invested in stocks, private equity, real estate
The UCLA Foundation, which manages $1.9 billion of investments for the University of California at Los Angeles, posted an annual return of 6.4 percent for the year ended June 30.
The investment pool was allocated 55 percent in equities, 11 percent in private equity, 12 percent in multi-strategy, 7 percent in credit, 6 percent in real assets, 4 percent in real estate, and 5 percent in cash, according to an annual report posted on the group’s website. The cash position increased from 2 percent last year, according to a previous report.
The foundation’s annual performance over 10 years averaged 6.6 percent. It said that UCLA set a fundraising record for the year ended June 30 with $644 million of gifts and pledges, surpassing a goal by 17 percent.
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. The top performance so far this year was reported by Bowdoin College, which had a 14.4 percent gain.