Complete returns by asset classes were not available. Results and benchmarks for illiquid categories lagged by one quarter.
For the fiscal year ended June 30, the pool’s cash and high-grade bonds asset class returned -3.2%, above its benchmark return of -10.3%, and public equities returned -15.8%, equal to its benchmark.
The actual allocation as of June 30 was not provided. According to the university’s investment policy posted on its website, the long-term investment pool has target ranges of 30% to 55% public equities, 15% to 40% private equity, 5% to 15% each infrastructure and real estate, and zero to 25% each cash/high-grade bonds and hedge funds.
As of June 30, 2021, the most recent data available, the actual allocation was 67.8% global equities, 23.6% global fixed income and 8.6% real assets.
Within global equities, allocations were 42.8% (of the total investment pool) to public equities, 17.1% buyout/growth private equity, 5.7% venture capital and 2.2% natural resources.
Within global fixed income, allocations were 9% fixed income, 8.2% hedge funds, 4.6% private credit and 1.8% public credit.
Real assets was made up of 4.2% infrastructure, 2.6% real estate and 1.8% liquid real estate. The long-term investment pool has $7 billion in assets, which includes $2.6 billion in endowment assets.
Vishnu Srinivasan, vice president and chief investment officer, could not be immediately reached for further information.