Syracuse University’s endowment returns -2.1% for fiscal year

The annual report did not disclose benchmarks or returns by asset class.

For the most recent fiscal year, the negative return for the endowment pool reflected a challenging market environment for the period, particularly for public equities and fixed income. For the year ended June 30, the Russell 3000 index and Bloomberg U.S. Aggregate Bond index returned -13.9% and -10.3%, respectively, in sharp contrast to returns of 44.2% and 4.6% for the year ended June 30, 2021.

However, Syracuse’s return did exceed the median return of -4.2% among the 48 university and college endowments whose returns for the year ended June 30 have been tracked by Pensions & Investments as of Friday.

The endowment likely benefited from a low total allocation to public markets. The report did not provide the actual allocation of the endowment fund, but did provide the allocation of the university’s total $1.83 billion investment portfolio, of which the vast majority is made up of endowment assets.

As of June 30, the investment portfolio’s actual allocation was 20.5% global and other hedge funds, 13.6% domestic equities, 12.5% long/short equity, 12.4% buyout funds, 11.5% multistrategy hedge funds, 9.5% fixed income, 6.9% venture capital, 6.3% real assets, 2.8% international equities, 2.3% private debt and the rest in other.

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