Texas Tech endowment posts -1.4% fiscal-year return

For its most up-to-date fiscal 12 months, Texas Tech’s adverse return mirrored a difficult market setting, primarily in public equities and stuck revenue, though the return did properly exceed to the indexes in these asset lessons. For the 12 months ended Aug. 31, the Russell 3000 index and Bloomberg U.S. Combination Bond index returned -13.3% and -11.5%, respectively.

Among the many 41 college endowments whose returns have been tracked by Pensions & Investments as of Monday for the standard fiscal 12 months ended June 30, the median return was -4.1%.

The Texas Tech endowment’s goal allocation is 40% public equities and 20% every debt, hedge funds and personal fairness.