For the 12 months ending June 30, 2019, Stanford Management Company generated a 6.5 percent investment return, net of all internal and external costs and fees, but gross of the newly levied tax on certain endowments.
I am pleased to report that as we closed fiscal year 2019. the Total Endowment achieved top-quartile performance relative to other endowments, returning 7.3 percent for the fiscal year ending June 30, 2019.
With its investment portfolio benefiting from a strong performance distributed access asset classes, Brown University’s endowment significantly outperformed its benchmarks with a 12.4% return during Fiscal Year 2019.
The endowment’s value was $40.9 billion as of this past June 30, the end of fiscal year 2019—an increase of $1.7 billion (4.3 percent) from $39.2 billion a year earlier.
PSERS, the giant teachers pension fund, still has no plans to break out profits shared with private firms, though it will release totals for last year at next month’s board meeting.
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors.